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Genting, Sime Darby in bid for Aussie power plant

GENTING Bhd and Sime Darby Bhd are among bidders for a A$630mil stake in Yallourn Energy, an Australian power plant owned by CLP Holdings Ltd, people familiar with the transaction said.

Communist rebels attack power plant

About 50 Philippine communist rebels launched a pre-dawn raid on a power plant yesterday, killing three soldiers and wounding seven before they were driven off, officials said.

Genting game for more acquisitions

THE fog that often obscures the view from Genting Bhd's self-styled 'City of Entertainment' 1,800 metres above the steamy jungles of Pahang does not apparently blur its vision of where it is headed. If the announcement this month of the issue of US$300mil worth of five-year exchangeable notes is any indication of the future, the group's global aspirations appear to be clearer than ever before.

RM4.4b for TNB from stake sales

Tenaga Nasional Bhd (TNB) would have close to RM4.5bil in its coffers by the middle of next year from the sale of its minority stakes in independent power producers (IPPs), and that would be more than adequate to meet the company's RM1bil debt repayment commitment for the financial year ending Aug 31, 2004.

Genting notes issue fully subscribed after book-building

GENTING Bhd's proposed US$250mil five-year exchangeable notes as well as US$50mil additional notes issues have been fully subscribed following the completion of a book-building exercise on Dec 5, the company said in a statement to the KLSE Monday.

Yu Neh Huat to grow market share by 20%

MENTION any recent housing scheme in the Manjung district in Perak and chances are that the Yu Neh Huat Bhd (YNHB) group has a hand in its development.

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Ramsar sites threatened

Although development pressures are closing in on the wetlands of Sungai Pulai, Tanjung Piai and Pulau Kukup in south-west Johor, this could be an opportunity for the state to turn these Ramsar sites into a showcase of how development and conservation can co-exist.

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