Mega First raises stake in Laos hydropower plant

KUALA LUMPUR: Mega First Corp Bhd has proposed to acquire 3.38 million ordinary shares, representing a 20 per cent equity interest, in Don Sahong Power Co Ltd (DSPC) for US$85 million.

In a Bursa Malaysia filing today, Mega First Corp said it has entered into a share transfer agreement via its subsidiary Mega Ventures Ltd, with vendor and stakeholder EDL-Generation Public Co.