KUALA LUMPUR: Powerwell Holdings Bhd’s wholly owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured two purchase orders totaling RM9.27mil from Datapuri Sdn Bhd.
Powerwell Holdings Bhd’s wholly-owned subsidiary, Powerwell International Sdn Bhd, is set to buy a 55% stake in M Electrical & Engineering for RM8.25mil to complement its offerings.
Malaysia's manufacturing sector has been a key driver of economic growth, with the country's GDP expanding by 5.6% in the first quarter of 2023. This growth is expected to continue, with the government forecasting a GDP growth of 4% to 5% for the whole year.