KAB forms SPV for mechanical work division


KUALA LUMPUR: Kejuruteraan Asastera Bhd's subsidiary KAB Technologies Sdn Bhd (KABT) has entered into a binding term sheet with Vodex Technical Services Sdn Bhd towards expanding its mechanical work division.

The group said in a statement that the two parties formed a special purpose vehicle named TVT Link Tech Solutions Sdn Bhd with KABT owning a 60% stake and the remainder going to Vodex.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

IGB REIT records net profit of RM81.55mil, distributable income of 2.56/unit
ViTrox posts net profit of RM28.1mil in 2Q
SC adds 2 unauthorised entities, 4 potential clone entities to investor alert list
Asean Digital Economy Framework expected to conclude at Asean Summit 2025
Malaysia's nominal GDP for 2023 amounts to RM1.8 trillion
More inclusive approach needed
Tech slump knocks Asia shares, yen towers at 2-1/2-month peak
Nestle lowers full-year guidance on quicker-than-expected price fall
Luxchem records earnings jump to RM12.2mil in 2Q
Oil falls on weak China demand concerns, Mideast ceasefire talks

Others Also Read