KUALA LUMPUR: Tenaga Nasional Bhd., Malaysia’s state-owned electricity company, is considering listing its power generation business on the local stock exchange next year following a corporate reorganisation, according to people familiar with the matter.
The Kuala Lumpur-based power company is working with an adviser on its planned restructuring, and aims to finish the process as soon as the first half of next year, the people said.
Upon completion, the plan is for a listing by introduction of the generation business, where investors would be given shares in the unit in proportion to their existing holdings in Tenaga, the people said.