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- Title
CGN Buys Second-Biggest Malaysian Power Producer for $2.3 Billion.
- Authors
Shuang Shan
- Abstract
The article reports on the acquisition of Edra Global Bhd by the China General Nuclear Power Corp. (CGN). It states that Edra Global Energy Bhd, which is also the power subsidiary of 1Malaysia Development Bhd (1MDB), is the second largest power producer in Malaysia. It mentions that the sale of the firm was due to the visit of Chinese Premier Li Keqiang to Malaysia. It also mentions that CGN will expand its business with 13 new power stations in various nations including Bangladesh, Egypt, and Pakistan.
- Subjects
MALAYSIA; CHINA General Nuclear Power Corp.; EDRA Global Energy Bhd; 1MALAYSIA Development Bhd; LI, Keqiang, 1955-; POWER plants; ELECTRIC power production; MERGERS &; acquisitions; ELECTRIC power plants
- Publication
China Business Review, 2015, p1
- ISSN
0163-7169
- Publication type
Article