PETALING JAYA: Solarvest Holdings Bhd
is acquiring a 30% of the equity interest in mechanical and electrical engineering solutions firm Kee Ming Electrical Sdn Bhd (KMESB) from shareholders Liew Kar Hoe and Liew Kar Wai, for RM15.3mil.
In a filing with Bursa Malaysia, Solarvest said the proposed acquisition is in line with its five-year strategic roadmap (2022-2026) to maintain its market leader position in the solar engineering, procurement, construction and commissioning (EPCC) segment, through tuck-in acquisition to enhance its technical capabilities and solidifies its reputation for innovation, comprehensive services and market presence.
