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China corporation may make US$400m in Edra listing next year
Published:  Oct 31, 2016 10:21 PM
Updated: 2:37 PM

China General Nuclear Power Corp, which bought 1MDB's power asset Edra Global Energy Bhd for US$2.3 billion (RM9.83 billion), is reported to be listed next year.

It is expected to raise CGN US$400 million, those familiar with the matter told financial news outlet Bloomberg.

However the plans are "preliminary" and could change, it reported.

Kuala Lumpur-based Edra Global is the second biggest independent power producer in Malaysia, and has projects in Egypt, Bangladesh, the United Arab Emirates and Bangladesh.

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