Thestar : KKB to buy Sarawak Enterprise steel ops

KKB to buy Sarawak Enterprise steel ops

KUCHING: KKB Engineering Bhd plans to acquire the entire steel manufacturing operations of Sarawak Enterprise Corp Bhd (SECB).

KKB signed a memorandum of understanding (MoU) with SECB to buy the entire issued and paid-up capital of Sarwaja Timur Sdn Bhd yesterday.

The signatories were KKB chairman and group managing director Datuk Kho Kak Beng and executive director Tan Heong Ming, and SECB chairman Datuk Abdul Hamed Sepawi and board member Datuk Amar Abdul Aziz Husain.

Sarwaja is involved in the manufacture, fabrication, galvanising and sale of steel structures.