Friday 26 Apr 2024
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This article first appeared in The Edge Financial Daily on September 20, 2019

KUALA LUMPUR: Kejuruteraan Asastera Bhd’s (KAB) wholly-owned subsidiary KAB Technologies Sdn Bhd (KABT) is offering its energy efficiency expertise to the Bandar Mahkota Cheras Mall here under an agreement to undertake an energy performance contract via chiller optimisation at the retail property.

In a statement to Bursa Malaysia, KAB said KABT yesterday signed the agreement with property development and investment company Foremost Wealth Management Sdn Bhd.

KAB said: “This is an expansionary strategy for KAB to establish a steady stream of recurring revenue to the group through its subsidiary KABT that specialises in energy efficiency. This allows the group to offer a more diverse range of services.”

“The agreement shall commence on the date of the agreement and shall continue [to be] in force for a period of six years from the date of first payment,” it added.

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