PETALING JAYA: 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.
In a statement, KJTS said the acquisition, executed through KJ Technical Services Sdn Bhd, a wholly-owned subsidiary of KJTS, will make MUSB an indirect wholly-owned subsidiary of KJTS upon completion.
MUSB owns and operates a large-scale cooling system that supplies chilled water for air-conditioning to 10 major buildings within Kuala Lumpur Sentral.
