PETALING JAYA: Pekat Group Bhd
’s wholly owned subsidiary Pekat Teknologi Sdn Bhd (PTSB) is proposing to buy a 60% stake in Apex Power Industry Sdn Bhd for RM96mil cash as part of a diversification of the group’s business into the power distribution equipment business.
In a filing with Bursa Malaysia, Pekat – a solar energy solution provider – noted that PTSB will enter into a conditional share sale agreement with sole Apex Power shareholder Low Khek Heng (also known as Low Choon Huat) for the acquisition of 75,000 shares.
