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PETALING JAYA: Mega First Corp Bhd’s financials remain intact despite the recent collapse of a dam near the company’s hydroelectric power plant in Laos, according to its management.
PETALING JAYA: Mega First Corp Bhd, a company involved in the power and resources businesses, has seen some interest in its shares since the beginning of the year.
PETALING JAYA: Mega First Corp Bhd has secured loan facilities totalling US$150mil (RM634.87mil) to part finance the building of its Don Sahong hydropower project in Laos.
KUALA LUMPUR: The Arbitral Tribunal has ordered Sabah Electricity Sdn Bhd to compensate Mega First Corporation Bhd’s power generation subsidiary Serudong Power Sdn Bhd a total of RM28.79mil as compensation.
GIVEN its steady recurring income from the power business coupled with decent earnings prospects from its resources arm, Public Investment Bank (PIB) said it believes that Mega First investors currently got both businesses for nearly free at the current share price.
PETALING JAYA: The Arbitral Tribunal has directed Sabah Electricity Sdn Bhd to pay compensation to Mega First Corp Bhd’s (MFCB) power generation subsidiary Serudong Power a total of RM28.79mil.