<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 24): Kejuruteraan Asastera Bhd (KAB), a mechanical and electrical (M&amp;E) engineering company, seeks to accelerate its market presence in Asean via the acquisition of Thai firm Energy Optimization (Thailand) Co Ltd (EOT).</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, KAB said the acquisition will also help it overcome market entry barriers.</p></div>

<div class=newsTextDataWrapInner><p>The group entered into a shares purchase and sale agreement with Chanchai Kitprotpisuth to acquire 24,000 shares or an 80% stake in EOT for 4.64 million baht (RM642,176).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>EOT is principally engaged in design and implementing of energy saving equipment.</p></div>

<div class=newsTextDataWrapInner><p>“The company has 11 energy performance contract currently, including two Robinson Department stores under the Central Group, one of the largest real estate conglomerates in Thailand. The retail segment of Thailand has been thriving due to the strong tourists’ arrivals," said KAB managing director Datuk Lai Keng.</p></div>

<div class=newsTextDataWrapInner><p>"This acquisition will enable KAB to expand its operations in Thailand. KAB is also&nbsp;exploring other Asean markets for regional expansion," he added.</p></div>

<div class=newsTextDataWrapInner><p>The proposed acquisition is only expected to be completed by the first quarter of 2020.</p></div>

<div class=newsTextDataWrapInner><p>At 2.58pm, KAB shares were up one sen or 1.64% at 62 sen, with 197,700 shares done, bringing a market capitalisation of RM219.48&nbsp;million.<br />
&nbsp;</p></div>


KUALA LUMPUR (Oct 24): Kejuruteraan Asastera Bhd (KAB), a mechanical and electrical (M&E) engineering company, seeks to accelerate its market presence in Asean via the acquisition of Thai firm Energy Optimization (Thailand) Co Ltd (EOT).

In a statement today, KAB said the acquisitio...

Kejuruteraan Asastera seeks to accelerate regional market presence via acquisition

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<p>Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.</p>


<p>The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.</p>


<p>Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.</p>

<p>Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.</p>


<p>A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.</p>


<p>Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.</p>


<p>The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.</p>


<p>Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.</p>


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<p>Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.</p>


<p>The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.</p>
