Sarawak Enterprise Corporation
The Sarawak Government has proposed to raise its stake in Sarawak Enterprise Corporation Bhd (SECB) to between 62.52% and 64.88% from 52.31% now under a share and asset swap exercise, which will see the latter transforming into a utility and energy player.
SECB announced on Sept 7 that the exercise would enable it to focus on utilities and energy as the new core business with Sarawak Electricity Corporation (Sesco) the major driver behind SECB's new core business.
SECB said currently, Multipurpose Holdings Bhd (MPHB) holds a 23.08% stake in SECB while the public holds the remaining 24.61% stake.
SECB announced on Sept 7 that the exercise would enable it to focus on utilities and energy as the new core business with Sarawak Electricity Corporation (Sesco) the major driver behind SECB's new core business.
SECB said currently, Multipurpose Holdings Bhd (MPHB) holds a 23.08% stake in SECB while the public holds the remaining 24.61% stake.
posted by DC at 1:08 PM
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