KUALA LUMPUR: MMC Corp Bhd will reap the full benefits of its investments when the final part of its Tanjung Bin power plant is commissioned by end-August, and on completion of its privatisation of associate company Malakoff Bhd at about the same time.
Last June, MMC Corp proposed to take over 22%-owned Malakoff, which owns 90% of Tanjung Bin, for RM9.3bil. This works out to RM10.35 per Malakoff share.
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