September 17, 2014 4:13 PM ET

Electric Utilities

Company Overview of Malakoff Corporation Berhad

Company Overview

Malakoff Corporation Berhad, an investment holding company, operates as an independent water and power producer company in Malaysia, Indonesia, the Middle East, and Australia. The company operates through Asset management, and Operations and Maintenance segments. It generates, distributes, and sells electricity. The company is also involved in the design, engineering, procurement, construction, installation and commissioning, testing, and operation and maintenance of coal-fired electricity generating facility; and provision of engineering and project management services, as well as repair, overhaul, and other services to power plants. In addition, it builds, owns, and operates an electricity...

Plaza Sentral

Level 10

Block 4

Jalan Stesen Sentral 5

Kuala Lumpur,  50470

Malaysia

Founded in 1975

544 Employees

Phone:

60 3 2263 3388

Fax:

60 3 2263 3333

Key Executives for Malakoff Corporation Berhad

Chief Executive Officer
Age: 55
Managing Director
Age: 49
Chief Financial Officer and Senior Vice President of Group Finance & Account Division
Age: 52
Acting Chief Executive Officer
Age: 52
Senior Vice President of Ventures Division
Age: 52
Compensation as of Fiscal Year 2014.

Malakoff Corporation Berhad Key Developments

Malakoff Reportedly Buying Australian Wind Farm

A person close to the matter said that MMC Corporation Bhd’s (KLSE:MMCCORP) unit, Malakoff Corporation Berhad has agreed to an UAD 650 million deal to buy a stake in an Australian wind farm from Meridian Energy Limited. Malakoff will acquire Meridian's 50% interest in the Macarthur wind farm in the southern state of Victoria. Macquarie Capital advised Meridian on the sale and while Australia and New Zealand Banking Group Ltd. advised Malakoff.

Malakoff Corporation Berhad, Prai Power Sdn Bhd, and Natural Analysis Sdn. Bhd Sign Settlement and Release Agreement with GE Energy Parts, GE Power Systems (Malaysia) Sdn Bhd, General Electric International and General Electric Company

MMC Corporation Bhd announced that Malakoff Corporation Berhad, Prai Power Sdn Bhd and Natural Analysis Sdn. Bhd, has signed a settlement and release agreement with GE Energy Parts, Inc., GE Power Systems (Malaysia) Sdn Bhd, General Electric International Inc. and General Electric Company. The settlement and release agreement among others, sets out the parties’ agreement to mutually resolve the disputes between the parties in connection to the damaged rotor incidents that had occurred on 11 September 2006 and 18 December 2009, These disputes are currently the subject matter of existing legal actions. As a result of the settlement and release agreement, the parties agree to, among others, immediately withdraw and discontinue the existing court actions and arbitration proceedings.

MMC Mulls IPO For Malakoff

MMC Corporation Bhd said that it will sell up to 760.9 million shares in Malakoff Corporation Berhad. under a proposed initial public offering (IPO) in the second quarter of 2013. MMC said that it will sell 629.4 million shares or 25.2% in Malakoff, to institutional investors and 131.5 million shares or a 5.2% stake to retail investors. MMC said that Anglo-Oriental (Annuities) Sdn Bhd, Employees Provident Fund of Malaysia, Retirement Fund Inc., SEASAF Power Sdn. Bhd. and Standard Chartered IL&FS Asia Infrastructure Growth Fund will sell part of their stakes in Malakoff through the IPO. Malakoff was listed on the Malaysian stock exchange in 1976 but was acquired by MMC in 2007. Hasni Harun, Managing Director of MMC said, "This proposed relisting will then allow Malakoff to enhance its visibility to facilitate its market expansion both on the local and international front."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 7, 2014
Port Dickson Power Berhad
 

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