Rocky path likely for Edra listing

THE listing of Edra Power Holdings Sdn Bhd, the electricity generator owned by China General Nuclear Power Corp (CGN), is not likely to be a smooth exercise.

It had been reported that Edra, formerly owned by 1Malaysia Development Bhd (1MDB), was aiming for a listing this year to raise US$1bil, alongside other big flotations such as QSR Brands (M) Holdings Sdn Bhd and Malayan Banking Bhd’s insurance arm Etiqa Group.