KUALA LUMPUR (AFX-ASIA) – Tanjong PLC said Tanjong Energy Holdings Sdn Bhd has been cleared to bid for the outstanding Powertek Bhd shares, on the condition that Powertek unit Panglima Power Sdn Bhd increases its Bumiputera (native Malay) equity content to at least 30% by Dec 31, 2003. It said the Economic Planning Unit (EPU)…
MALAYSIA: Powertek’s Panglima must lift Bumiputera equity content to allow Tanjong bid
Posted on January 31, 2003 by EnergyAsia