YTL Power's shares up on proposed acquisition of stake in Ranhill Utilities

KUALA LUMPUR: YTL Power International Bhd's (YTLPI) shares rose this morning following reports that its indirect 70 per cent-owned unit, SIPP Power Sdn Bhd has proposed to acquire about 31.42 per cent stake in Ranhill Utilities Bhd for RM405.18 million.

At 10.17 am, its shares gained 12 sen to RM5.12, with 6.79 million shares traded.