NEWS & UPDATES

Bakun Acquisition Recognised as Best Domestic Merger and Acquisition Deal in Southeast Asia by Alpha Southeast Asia

KUALA LUMPUR, 14 FEBRUARY 2018, Wednesday: The RM2.5bil acquisition of Sarawak Hidro Sdn Bhd (SHSB) by Sarawak Energy was awarded the Best Domestic Merger and Acquisition Deal in Southeast Asia for 2017 at the 11th Annual Alpha Southeast Asia Deal & Solution Awards 2017.

The acquisition gave Sarawak Energy full ownership of Bakun Hydroelectric Plant, Malaysia’s largest hydropower generating facility.

Sarawak Energy Group Chief Executive Officer Sharbini Suhaili received the award at the ceremony held on 13 February, 2018, in Kuala Lumpur.

Accompanying him were Alexander Chin, Sarawak Energy Chief Financial Officer, Ting Ching Zung, Executive Vice President for Strategy and Corporate Development, James Ung, Chief Executive Officer of SEB Power and Dr Mak Met, Senior Vice President of Human Resources.

At the same event, Sarawak Energy was also honoured with the Borrower/Issuer Award Plaques for its RM1bil Sukuk Musyarakah Issuance in December 2017.

Last year, RAM Ratings reaffirmed the AA1/Stable rating of Sarawak Energy Berhad’s RM15 billion Sukuk Musyarakah Programme (2011/2036).

Sharbini (second from right) together with Sarawak Energy officials posing with the award and plaque.