KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has executed a term sheet with YL Global Ventures (YLGV) to start a new venture in the robotics solutions business.
The parties will incorporate a joint venture company named KAB Robotic and Automation Solutions Sdn Bhd with a total initial equity capital of RM100,000, the company said in a statement. KAB will own a 70% equity stake in the joint venture while YLGV will own the remaining 30%.
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