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.
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