SIPP Power Sdn Bhd offered to acquire additional 47% stake in Ranhill Utilities Berhad (KLSE:RANHILL) for MYR 600 million on May 28, 2024. The consideration will be paid at a price of MYR 0.995 per share. The del is expected to be completed on July 9, 2024. Maybank Investment Bank Berhad acted as a financial advisor to SIPP Power Sdn Bhd and YTL POWER INTERNATIONAL BERHAD.

SIPP Power Sdn Bhd completed the acquisition of additional 0.00259% stake in Ranhill Utilities Berhad (KLSE:RANHILL) for MYR 0.03 million on July 9, 2024.