KAB buys solar PV provider for RM5.3mil


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

KAB’s 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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

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!

KAB

   

Next In Business News

Ringgit marginally lower against US$ in early trade
Latest US clampdown on China's chips hits semiconductor toolmakers
FBM KLCI set to move sideways on absence of leads
Trading ideas: IJM, Sime Darby Property, RHB, Yinson, Pesona, CLMT, Joe, Annum, T7, Willowglen, George kent, Datasonic, Sunway, Majuperak, Northport, Encorp
Oil steady, traders hopeful on China demand but worried about Fed
S&P 500, Nasdaq post record highs as tech-related shares gain
Velesto working to raise rig-utilisation rate
Uniqlo Vietnam hits 60% local production in five-year milestone
CBI: Business tax raid crashing UK private sector
SimeProp to develop additional data centres

Others Also Read