Kejuruteraan Asastera Bhd’s (KAB) wholly-owned subsidiary KAB Energy Holdings Sdn Bhd has got the nod from shareholders for the proposed acquisition of a mini hydropower plant in Indonesia.
KUALA LUMPUR: Kejuruteraan Asastera Bhd's (KAB) wholly-owned subsidiary KAB Energy Holdings Sdn Bhd has got the nod from shareholders for the proposed acquisition of a mini hydropower plant in Indonesia.
Sarawak Cable Bhd (SCable) and KAB Energy Holdings Sdn Bhd (KEH), a wholly-owned subsidiary of Kejuruteraan Asastera Bhd (KAB), have mutually agreed to extend the conditional period for the proposed disposal of 300,000 shares in PT Inpola Mitra Elektrindo (PT IME), which owns and operates a mini hydroelectric power plant in North Sumatera, Indonesia, for another three months to July 31.
Engineering and energy solutions provider Kejuruteraan Asastera Bhd (KAB) is eyeing higher revenue contributions from its sustainable energy solutions (SES) segment, after successfully completing the acquisition of its first mini hydropower plant in North Sumatera, Indonesia. The concession for the Kombih III mini hydropower plant is expected to generate at least RM270 million for the group over the concession period of 20 years, the electrical and mechanical engineering service provider said in a statement.
KUALA LUMPUR: Stocks with recent corporate news flow that could see investor interest on Thursday inclide KNM, Kejuruteraan Asastera, Petronas Chemicals, Nestcon, Bumi Armada, Berjaya Corp and Ageson, says JF Apex Research.