RAM Ratings said Malakoff has demonstrated its financial support for Tanjung Bin Energy via six-monthly equity injections
PETALING JAYA: Malakoff Corp Bhd’s possible divestment of its 50% stake in Macarthur Wind Farm in Australia, estimated to be more than A$500mil (about RM1.4bil) is seen positively by analysts.
PublicInvest Research in a note said it understands that the independent power producer is likely to call for indicative bidding in May 2019 and complete the deal by the third quarter (3Q19).
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