Powerwell to buy 55% in M Electrical & Engineering

Powerwell Holdings said the group will capitalise on M Electrical & Engineering’s expertise in panel assembly, wiring craftsmanship, inspections and electrical switchboard testing.

PETALING JAYA: Powerwell Holdings Bhd’s wholly-owned subsidiary, Powerwell International Sdn Bhd, is set to buy a 55% stake in M Electrical & Engineering for RM8.25mil to complement its offerings.

The stake will be acquired from Chen Choong Hee.