The proposed sale of Edra Global Energy Bhd’s entire equity stake in its power generation plants to a China state owned entity will not translate into the liberalisation of the highly-regulated industry.
The RM9.83bil transaction announced yesterday was seen as a landmark deal because it marked for the first time power plants located in Malaysia being sold to a foreign company – which is China General Nuclear Power Corp (CGN Group).
This had raised excitement in the sector because it was seen as a precedent for other Independent Power Producers (IPPs) to divest partially or wholly their interest to foreign investors.
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The RM9.83bil transaction announced yesterday was seen as a landmark deal because it marked for the first time power plants located in Malaysia being sold to a foreign company – which is China General Nuclear Power Corp (CGN Group).
This had raised excitement in the sector because it was seen as a precedent for other Independent Power Producers (IPPs) to divest partially or wholly their interest to foreign investors.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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