KUALA LUMPUR: IJM Corp is selling its 30% equity interest in Don Sahong Power Co. Ltd, which was incorporated in British Virgin Islands, for RM4.15 million.
IJM Corp said on Monday, Sept 20, it expected to record a gain of RM994,449 from the sale of the stake to Mega First Corp Bhd, which currently holds 70%.
Don Sahong Power Co. is a 30:70 joint venture to invest into a project company to develop and operate the Don Sahong hydroelectric power project.
IJM Corp said on Monday, Sept 20, it expected to record a gain of RM994,449 from the sale of the stake to Mega First Corp Bhd, which currently holds 70%.
Don Sahong Power Co. is a 30:70 joint venture to invest into a project company to develop and operate the Don Sahong hydroelectric power project.
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