The plant in Kuala Ketil would turn the once agricultural land into an industrial site and support the long-established industrial park in Kulim, said Edra president and executive director Datuk Mark Ling.
KUALA LUMPUR: Edra Power Holdings Sdn Bhd, the electricity generator formerly owned by state investment fund 1Malaysia Development Bhd, selected banks for an initial public offering (IPO) that could seek about US$1bil (RM4.29bil), according to people with knowledge of the matter.
The Kuala Lumpur-based company chose BNP Paribas SA, Credit Suisse Group AG and Industrial & Commercial Bank of China Ltd. to arrange the share sale, according to the people. RHB Bank
Bhd and Hong Leong Bank Bhd are also working on the deal, the people said, asking not to be identified because the information is private.
