Malakoff chairman Datuk Hasni Harun said with the country
PETALING JAYA: Malakoff Corp Bhd’s indirectly-owned unit Malakoff Gulf Ltd is proposing to acquire the entire equity stake in Desaru Investments (Cayman Isl) Ltd (DIL) from Khazanah Nasional Bhd for a cash consideration of US$70mil.
Prior to the sale, Khazanah, through DIL, holds a 40% equity interest in the consortium known as Malaysian Shoaiba Consortium Sdn Bhd (MSCSB) while Malakoff, via MGL, holds 40% and Tenaga Nasional Bhd
, through its subsidiary Independent Power International Ltd, holds the remaining 20% stake.
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