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KUALA LUMPUR (Feb 4): KJTS Group Bhd’s (KL:KJTS) recently proposed acquisition of energy efficient cooling solutions outfit Malakoff Utilities Sdn Bhd could enhance its earnings by 18% and 33% this year and next, said CIMB Securities.
Shares of KJTS had surged as much as 6.48% to a record high of RM1 in the morning session on Tuesday, and still traded up four sen at 98 sen per share at the time of writing, valuing the group at RM670.8 million.
KUALA LUMPUR: KJTS Group Bhd has proposed to acquire Malakoff Utilities Sdn Bhd (MUSB), a wholly-owned subsidiary of Malakoff Corp Bhd for RM65.5mil cash.
