Malakoff open to looking at 1MDB power assets


KUALA LUMPUR: Malakoff Corporation Bhd , Malaysia's largest independent power producer, will explore opportunities to buy power assets, including those from state development fund 1MDB, its chief executive said.

1MDB, long dogged by controversy over its $11.8 billion debt and investment decisions, has been looking at a $3 billion listing of its Edra Global Energy unit although this has been delayed several times.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

JCY posts RM16mil 4Q24 profit
MAHB expects growth as FY24 comes to a close
TH Plantations achieves strong 3Q24 results
Asean stock exchanges to work on centralised ESG data infrastructure
Forced sale of mall space no cause for concern
Maybank posts strong nine-month performance
Malakoff’s profit in 3Q at RM59mil on cheaper coal
Winstar Capital targets RM20mil from IPO
More exit pathways needed for digital economy
IOI Corp 1Q25 profit surges on higher palm oil prices

Others Also Read