Genting power unit sold to 1MD for RM2.3b

KUALA LUMPUR: Genting Bhd sold off its power business to 1Malaysia Development Bhd (1MD) for RM2.3 billion, it told the stock exchange yesterday. The sale done, via the disposal of a 97.7 per cent stake in Mastika Lagenda Sdn Bhd and its three subsidiaries, Genting Sanyen Power Sdn Bhd, Mastika Utilities & Services Sdn Bhd and Mastika Water Management Sdn Bhd.

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Copyright: NSTP
Published on: 23 October 2012
Publication: New Straits Times
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NST - Tue, 10 2012 Business Times 230041 A-All
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Keywords
Management
Development
Water
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