Corporate Background Malakoff Berhad (MB) was an investment holding company, incorporated on 9 October 1975 as a plantation-based company and is based in Kuala Lumpur, Malaysia. In 1976, Malakoff was listed on the Main Board of the Kuala Lumpur Stock Exchange which known as Bursa Malaysia. A shift in its corporate direction resulted in the disposal of its plantation-based assets in October 1993 and the subsequent venture into an independent water and power producer company in Malaysia, Indonesia, the Middle East, and Australia and North America. On 17 May 2006, MMC Corporation Berhad through its wholly owned subsidiary, Nucleus Avenue Berhad (NAB) make an offer to acquire all the assets of MB, including the assumption of all the liabilities …show more content…
It also includes the assumption of all the liabilities of MB to NAB. MB was delisted from the official list of the Main Market of Bursa Securities on 18 July 2007. Following the acquisition, NAB assumed its present name, Malakoff Corporation Berhad (MCB) on 25 April 2007. At present, Malakoff 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. Also, Malakoff is the leading IPP in Malaysia with an effective capacity of 5,346 MW comprising of 6 power plants that run on oil, coal and gas. On the international front, as an independent water and power producer (IWPP), we own a net capacity of approximately 690 MW of power production and 358,850 m³/day of water desalination. Our overseas projects are located in Bahrain, Saudi Arabia, Algeria, Australia and …show more content…
The largest Malaysian initial public offering (IPO) shown that Malakoff Corporation Berhad’s debut on Bursa Malaysia has a healthy amount of liquidity in the market and an appetite for IPOs in this three years. Earnings growth from Tanjung Bin Energy (TBE). Investors expect earnings growth will come from its upcoming 1,000MW coal-fired TBE Power Plant, which is scheduled to commence operations on 1 March 2016. In addition to the CEO's assurance during the IPO Analysts' briefing in April 2015, it is confirmed that TBE's progress is on track to commence operations as scheduled. Hence, there is estimate that the revenue from TBE to boost the Group's earnings by 46.6% and 29.0% in FY16 and FY17 respectively. It is the Largest IPO in Malaysia. Malakoff’s IPO is the largest in Malaysia since 2012 and the largest in the region in the past two years. The independent power producer, largest in this region by total generation capacity, aims to almost double its effective power generation capacity from the current 6,036MW. It is also the largest IPP in South-East Asia in terms of generation capacity. It has a sizeable portfolio of power generation assets in Malaysia, the MENA (Middle East and North Africa) region and Australia, according to Frost &