KUALA LUMPUR: Melewar Industrial Group Bhd's (MIG) unit is selling its 51% stake in MPerial Power Ltd - which is the major shareholder in loss-making Siam Power Generation Public Company Ltd -- for US$11mil (about RM36mil).
MIG said on Friday that Melewar Steel Engineering Sdn Bhd's disposal of the stake to the purchaser, E Power Pte Ltd would result in a loss of RM48mil.
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