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.
In a statement, managing director Datuk Lai Keng Onn said expanding the group’s solar PV portfolio was key to its sustainable energy solutions segment.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
