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BOUSTEAD Holdings Bhd yesterday entered into a deal to buy a 30% stake in PSC-Naval Dockyard Sdn Bhd for RM166.5mil, a move that not only salvages the troubled offshore patrol vessel (OPV) project but also addresses a chunk of PSC-Naval Dockyard's non-performing loans (NPLs) held by Boustead's banking arm, Affin Bank Bhd.
PETALING JAYA: The offer price of RM6.2bil for the 2,400 MW Bakun dam mostly comprises debt that is guaranteed by the Federal Government, with a remaining RM450mil that is likely to be paid via instalments, according to sources.
PETALING JAYA: Sarawak Energy Bhd (SEB), the state utility company, is believed to have proposed to acquire a 30% stake in the Bakun Hydroelectric Power project for RM1.3bil cash, sources said. The payment would likely be in the form of equity of RM700mil and a shareholders' loan of RM650mil, the sources added.