Kumpulan Perangsang Selangor Bhd
(KPS), which is 57.88% owned by the Selangor investment arm Kumpulan Darul Ehsan Bhd, is focusing on its international expansion following the completion of acquisitions that took place last year.
In 2016, KPS made a RM5.1mil investment in a water related business called Smartpipe Technology Sdn Bhd, acquired a 60% stake in US-based King Koil Licensing Company Inc for RM115.9mil and bought all the equity in Century Bond Bhd, a industrial packaging outfit in a RM210mil deal.
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