PETALING JAYA: The proposed sale of Edra Global Energy Bhd’s entire equity stake in its power generation plants to a China state owned entity will not translate into the liberalisation of the highly-regulated industry.
The RM9.83bil transaction announced yesterday was seen as a landmark deal because it marked for the first time power plants located in Malaysia being sold to a foreign company – which is China General Nuclear Power Corp (CGN Group).
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