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RANHILL Bhd's shares were traded within a narrow band this week in the absence of fresh leads after an initial spike in the share price - following last week's announcement of plans to buy a 64% stake in Nagarjuna Power Corp Ltd (NPCL) of India - was not sustained.
Singapore government investment firm Temasek Holdings Pte Ltd aims to buy a stake in PT Bank Permata after acquiring PT Bank Danamon and PT Bank Internasional Indonesia (BII), the Koran Tempo reported, quoting an official in charge of the sale at state asset management company PT Perusahaan Pengelola Aset (PPA).
YTL Power International Bhd agreed yesterday to acquire a 35% stake and loan stocks in the second largest independent power producer (IPP) in Indonesia in a deal valued at US$139.4mil (RM529.7mil). YTL will also acquire 100% equity in the operator of the power station for US$3.6mil.