03-06-2022, 09:10 AM
(02-06-2022, 09:59 AM)weijian Wrote: With most of us suffering from high (and higher) electricity rates, a buyer for TS is still only willing to pay 270mil, far cry from its billion dollar valuation assigned to/bought off/signed off by all the accredited parties previously.
YTL Power acquires Hyflux's Tuaspring power station for $270m in cash
In a statement on Wednesday (June 1), the international utility group said its wholly owned subsidiary, YTL PowerSeraya, had completed the purchase at $270 million in cash.
https://www.straitstimes.com/singapore/y...0m-in-cash
For this power station alone, a billion dollars ? Sure way to go bankrupt, no?
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