PETALING JAYA: Jasa Kita Bhd
has entered into two unconditional share sale agreements with Jalin Kota Sdn Bhd for the disposal of its entire stakes in GBH Bathroom Products Sdn Bhd and Crown Lynn Sdn Bhd, collectively known as its bathroom products division, for a combined cash consideration of RM12.90mil.
The disposal comprises GBH Bathroom Products’ entire equity interest, including its preference shares, for RM12.90mil, while Crown Lynn will be disposed of for a nominal RM1.
“Following the change in the controlling shareholders and leadership of the company in October/November 2025, Jasa Kita and its subsidiaries have embarked on a strategy to diversify its business, broaden its product offerings and explore new market opportunities, with the objective of driving sustainable growth and enhancing shareholder value.
“In line with this strategy, the management of the group has identified the power sector as a new growth platform for the group and has since expanded into the sector through the acquisition of KT System Sdn Bhd, a full-service electrical engineering firm licensed by the Energy Commission of Malaysia, which was completed on July 31, 2026.”
Jasa Kita said the proposed disposals present an opportune avenue for the group to redirect capital and management resources towards the development and growth of its new power business.
