KAB buys solar PV providerfor RM5.3mil

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PETALING JAYA: Kejuruteraan Asastera Bhd (KAB) is expanding its sustainable energy solutions (SES) segment with the acquisition of Matahari Suria Sdn Bhd (MSSB).

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KAB’s subsidiary KAB Energy Holdings Sdn Bhd signed a share sale agreement with Unique Forging & Components Sdn Bhd to acquire the entire equity of MSSB for a total purchase consideration of RM5.3mil.

In a statement, managing director Datuk Lai Keng Onn said expanding the group’s solar PV portfolio was key to its sustainable energy solutions segment.