Posted by rooney8 > 2017-04-22 22:53 | Report Abuse

Just want to clarify that Malakoff is currently looking at 10 power assets, not plan to acquire at 10 power assets.

Posted by bursagoinglong > 2017-04-23 11:32 | Report Abuse

Hi rooney8. Actually they are planning to acquire at least 10 power generation assets. It is quite clear from The Star article unless The Star misquoted.

"Malakoff Corp Bhd is currently looking at proposals to acquire more than 10 power generation assets in line with a plan to increase its power generation capacity to 10,000 MW by 2020"
Read more at http://www.thestar.com.my/business/business-news/2017/04/19/malakoff-looks-at-buying-10-power-generation-assets/#lSPZZmL7KSxe0KRV.99

Posted by rooney8 > 2017-04-23 12:27 | Report Abuse

Hi bursagoinglong, I think there are some confusion.

In a press conference today after the group's annual general meeting (AGM), its managing director Datuk Wira Azhar Abdul Hamid said Malakoff is currently looking at more than ten opportunities with a focus on the international market.

"We are looking at more than 10 opportunities. Whether we go for them or not is another matter," Azhar said.
http://www.theedgemarkets.com/article/malakoff-focus-international-market

Posted by bursagoinglong > 2017-04-23 12:42 | Report Abuse

haha then it shall remain a mystery for the foreseeable future.

But yeah I think looking for 10 x 250MW assets would be quite silly to make up additional 2500MW that they intend to achieve.

But to be fair to every reader, I will put a note so readers can decide for themselves.

Thanks Rooney8