The offer follows a proposal to inject JAG’s 86.65% stake in cables and wire manufacturer Central Cables Bhd (CCB) into KUB in exchange for KUB preference shares, valued at RM119.42 million.

“We appreciate our customers joining us in these steps to reduce the strain on TVA’s grid,” Gabriel J. Bolas, president and CEO of KUB, said Feb. 19. “While this is a precautionary measure, it can ...