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Petronas Gas rises on power sale offer

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Petronas Gas rises on power sale offer

Post by hlk Fri 06 Jan 2012, 20:30

Petronas Gas Bhd, a unit of Malaysia’s state energy company, rose the
most in a week in Kuala Lumpur trading after Prime Minister Najib Razak
offered to sell electricity to neighboring Singapore.

The stock climbed 1.8 percent to RM15.10 at 9:16 a.m. local time, set for its biggest increase since Dec. 28.

Petronas Gas is jointly building a gas-fired power plant in Malaysia’s eastern Sabah state. -- Bloomberg

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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