YTL Power unit buys telecommunications firm for RM49.8m
Page 1 of 1
YTL Power unit buys telecommunications firm for RM49.8m
YTL Power unit buys telecommunications firm for RM49.8m |
Business & Markets 2014 |
Written by Jeffrey Tan of theedgemalaysia.com |
Wednesday, 04 June 2014 17:59 KUALA LUMPUR (June 4): YTL Power International Bhd, via its unit YTL Communications Sdn Bhd, has acquired telecommunications firm, Konsortium Jaringan Selangor Sdn Bhd (KJS), for RM49.8 million in cash. KJS is principally engaged in the business of planning, implementation and maintenance of telecommunication towers and telecommunication related services. In a statement to Bursa Malaysia, YTL Power said its 60%-owned YTL Communications had on June 2, 2014, entered into an agreement with Kumpulan Darul Ehsan Bhd and Ingres Software (M) Sdn Bhd for the acquisition of 1.5 million ordinary shares or 60% of the capital of KJS. “The proposed acquisition is expected to contribute positively to firm’s consolidated earnings, in the medium to long term,” said YTL Power. Upon completion of the proposed acquisition, KJS will become a subsidiary of YTL Communications and an indirect subsidiary of YTL Power. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» MMC indirect unit buys Aussie firm
» Gadang unit buys Indonesian water treatment firm for RM15.1m
» DNeX buys into upstream oil and gas firm
» CNN Cap buys barge from S'porean firm
» CIMB buys 70% of Thai stockbroking firm
» Gadang unit buys Indonesian water treatment firm for RM15.1m
» DNeX buys into upstream oil and gas firm
» CNN Cap buys barge from S'porean firm
» CIMB buys 70% of Thai stockbroking firm
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|