Ranhill's utility businesses to anchor Symphony


Ranhill Energy will get to list on Bursa Malaysia finally via a back door listing.

RANHILL Group, whose oil and gas business contributed to its failed listing last year, will now be going to the market without that unit.

Ranhill’s planned reverse takeover (RTO) of Symphony House Bhd will have its water and power businesses that include a valuable water concession in Johor and operation of two power plants in Sabah.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Corporate News , Ranhill , RTO

Next In Business News

FBM KLCI sinks deeper into the red at midday
PETRONAS takes steps to maintain gas supply after Songkhla pipeline shutdown
Indonesia inflation picks up in September, in line with expectation
Goldman Sachs pushes Fed rate hike forecast to December
Asian stocks dip, bonds in focus after torrid September�
Asian factory activity expands thanks to global AI boom
Rising costs top concern for Malaysian SMEs as growth remains priority
GB Bond falls 8% after opening above IPO price on ACE Market debut
Asia-Pacific air passenger demand rises 1.4% in August despite global decline
Malaysia manufacturing PMI slips into contraction in September

Others Also Read