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 IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split

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bobmali
post Jul 24 2013, 08:51 AM

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My only advice. Avoid the counter by any means. There is also a possibility that the listing be deferred to a later date. I don't thins SC will allow them to go ahead. SC has to protest the interest of shareholders too (especially the minors like us)
bobmali
post Jul 24 2013, 12:30 PM

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The LNG Reclassification plant supposed to be completed August last year if I am not mistaken. The plant is to cater for the LNG which will be imported from other countries via tanker. The liquid natural gas will then gasified into gas form and supplied via Petronas' PGU line to consumer. This additional gas is to cater for the huge demand of natural gas in Malaysia which is now the cheapest, cleanest and most efficient fuel compared to others. Because of the delay, Petronas Gas has lost million of dollars in term of income.

This post has been edited by bobmali: Jul 24 2013, 12:30 PM

 

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