KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has executed a term sheet with YL Global Ventures (YLGV) to start a new venture in the robotics solutions business.
The parties will incorporate a joint venture company named KAB Robotic and Automation Solutions Sdn Bhd with a total initial equity capital of RM100,000, the company said in a statement. KAB will own a 70% equity stake in the joint venture while YLGV will own the remaining 30%.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!