PETALING JAYA: YTL Power Bhd has turned net cash as a result of the sale of its 33.5% stake in Australian-based power transmission firm ElectraNet Pty Ltd and is now positioned to pursue new projects or acquisitions.
Maybank Investment Bank’s Research arm said this in a report adding that the completion of the ElectraNet disposal had boosted YTL Power’s coffers by around RM3bil.
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