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Kenanga Dubai unit to raise $5bn for power project

Dubai, June 14, 2008

Malaysian financial services firm K & N Kenanga Bhd said its Dubai unit had won a mandate to raise financing for a $5-billion power project in Southeast Asia.

It said the mandate was given to its Dubai-based subsidiary, MeNA Financial Group Limited, by an unlisted Malaysian-based company, Transpower Energy Ventures Sdn Bhd.

'The terms and structure of the financing are currently being worked out by the investment banking team in MeNA,' Kenanga said in a statement. It gave no details on the project.-Reuters




Tags: K & N Kenanga Bhd | Dubai unit | fund raising |

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