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1malaysia Development Bhd Plans $1 Billion Malaysian IPO Of Power Assets In H1 2014-DJ


Monday, 17 Jun 2013 01:51am EDT 

Dow Jones reported that 1malaysia Development Bhd plans to raise about USD1 billion through an Initial Public Offering (IPO) of its power assets in Malaysia in the first half of 2014, two people familiar with the development said. The funds raised through the share sale will help pay off some debt of Malaysia's state-run investment company, which has bought several power plants since last year, including tycoon T. Ananda Krishnan's power generation business for MYR8.5 billion (USD2.7 billion) and Genting Bhd's (3182.KU) domestic energy operations for MYR2.3 billion. The Company has yet to finalize the offer size and hasn't officially mandated any merchant bank for the share sale, they said. 

Company Quote

18.4
0.05 +0.27%
22 Sep 2014