SECB starts exercise to become big utility player


SARAWAK Enterprise Corporation Bhd (SECB) has embarked on a restructuring exercise to transform itself into a major utility and energy player in the state.  

To that end, it has entered into a memorandum of understanding (MoU) to buy out the state government's 55% equity interest in Sarawak Electricity Supply Corporation (SESCo).  

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil prices stabilise, Middle East tensions remain in focus
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
More funding needed for developers
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
Cypark's LSS3 hybrid solar plant achieves initial operations
Asian shares extend gains ahead of tech earnings, yen fragile
Singapore March core inflation at 3.1% y/y, below forecast
Oil prices stabilise, Middle East tensions remain in focus
Japan issues strongest warning yet on readiness to intervene in currency market
Gaza warmongering and genocide

Others Also Read