PETALING JAYA: Solarvest Holdings Bhd
is acquiring a 30% of the equity interest in mechanical and electrical (M&E)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 roadmap to maintain its market leader position in the solar engineering, procurement, construction and commissioning (EPCC) segment.
“The proposed acquisition enables both the company and KMESB to leverage their complementary strengths and shared customer segments to strengthen the company’s market presence, enhance service offerings, and unlock future growth opportunities.”
Solarvest said the acquisition would augur well for the company through the potential long-term benefits from maintaining its position in the solar EPCC segment.
