KAB sustainable energy unit acquires solar PV provider for RM5.3mil

Kejuruteraan Asastera managing director Datuk Lai Keng Onn

KUALA LUMPUR: Kejuruteraan Asastera Bhd is expanding its sustainable energy solutions (SES) segment with the acquisition of Matahari Suria Sdn Bhd (MSSB).

The engineering and energy solutions provider said its wholly-owned subsidiary KAB Energy Holdings Sdn Bhd signed a share sale agreement with Unique Forging & Components Sdn Bhd to acquire the entire equity of MSSB for a total purchase consideration of RM5.3mil.