With the Entrance of YTL Power into Ranhill Utilities, there is definitely a change in the company's direction and management style.

On 28 May 2024, YTL Power International Bhd's 70%-owned subsidiary SIPP Power Sdn Bhd has agreed to a RM405.18mn deal for about 31.42% equity in Ranhill Utilities Bhd from Tan Sri Hamdan Mohamad and related entities Hamdan (L) Foundation and Hamdan Inc (Labuan) Pte Ltd, triggering an unconditional mandatory takeover offer (MTO) for any remaining shares it does not already own it the water utility firm.

In a filing with Bursa Malaysia, YTL Power announced the unconditional share purchase agreement, which will see SIPP Power grow its equity interest in Ranhill to 34.32% from 2.9% at a purchase price of RM0.995 sen a share.

Collectively, YTL Power and SIPP Power will have an aggregate direct shareholding in Ranhill of 53.19%, up from 21.77% previously, breaching the 50% threshold to trigger an MTO at an offer price of RM0.995.