KPS makes KPS-HCM a subsidiary

PETALING JAYA: Diversified group Kumpulan Perangsang Selangor Bhd (KPS) has raised its shareholdings in KPS-HCM Sdn Bhd by 21% to a majority stake of 51%.

“Holding a majority stake in KPS-HCM enables us to steer its future direction and consolidate its future results into the group’s top and bottom lines, compared to only equity-accounting its share of profits as an associate,” said KPS chief executive officer Ahmad Fariz Hassan in a statement.