Mega First raises stake in Laos hydropower plant for RM396mil


PETALING JAYA: Mega First Corp Bhd has proposed to acquire 3.38 million ordinary shares, representing a 20% equity interest, in Don Sahong Power Co Ltd (DSPC) for US$85mil or RM396mil.

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

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