Analysts are positive on the proposed divestment going by reports that were issued yesterday, while on the stock market, the stock gained 5.5 sen or 9.17% to close at 65.5 sen.(File pic shows one of YTL's power projects.)
PETALING JAYA: YTL Power International Bhd
’s disposal of its 33.5% stake in ElectraNet Pty Ltd would see it unlock a sizeable estimated gain of RM2.2bil, which the utilities provider can deploy for future expansion and investments.
Analysts are positive on the proposed divestment going by reports that were issued yesterday, while on the stock market, the stock gained 5.5 sen or 9.17% to close at 65.5 sen.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
