KJTS Group proposes RM65.5mil acquisition of Malakoff Utilities

From left: KJTS Group Bhd group managing director Lee Kok Choon, KJTS group executive director Sheldon Wee, KJTS independent non-executive chairman Azura Azman, Malakoff Corp Bhd chairman Tan Sri Che Khalib Mohamad Noh, Malakoff managing director & group chief executive officer Anwar Syahrin Abdul Ajib and Malakoff senior vice president, corporate services & integrity division Vincent Yap Leng Khim.

KUALA LUMPUR: KJTS Group Bhd has proposed to acquire Malakoff Utilities Sdn Bhd (MUSB), a wholly-owned subsidiary of Malakoff Corp Bhd for RM65.5mil cash.

The energy-efficient cooling solutions and building support services provider said the proposed acquisition aligns with KJTS’s strategy to expand its cooling energy management business, strengthen its market presence, and enhance operational efficiencies.