KAB acquires biogas power plant in Kedah for RM15mil


KUALA LUMPUR: Kejuruteraan Asastera Bhd's (KAB) wholly owned subsidiary has acquired Future NRG Sdn Bhd's subsidiary, Future Biomass Gasification Sdn Bhd, and its biogas power plant assets for RM15mil.

In a statement, the group said it had today signed the sale and purchase of share agreement following from the signing of the term sheet on the proposed acquisition on Nov 9, 2022, as well as the completion of the due diligence process.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read