YTL Power expects to realise RM210.1m gain from YTL Jawa BV share sale

KUALA LUMPUR: YTL POWER INTERNATIONAL BHD [] expects to realise a gain on disposal of RM210.10 million from the sale of a 42.86% equity interest in YTL Jawa BV to Marubeni Corporation for US$224 million (RM680.96 million).

The company said on Thursday, July 7 that its wholly owned unit YTL Jawa Power Holdings Ltd had entered into the share purchase agreement with Maubeni and its subsidiary Aster Power for the sale of 7,715 ordinary shares of €1 each and certain company interests.

URL: http://www.theedgemalaysia.com/business/18...hare-sale-.html

YTL Power rises on Marubeni deal

YTL Power International Bhd rose the most in two weeks after saying Japan’s Marubeni Corp will invest US$228 million in YTL Jawa Power Holdings Ltd, which owns a 35 per cent stake in a power station in Indonesia.

Shares of YTL Power, parent of YTL Jawa, climbed 1.4 per cent to RM2.19 at 9:12 a.m. local time in Kuala Lumpur, set for its biggest gain since June 22. -- Bloomberg

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