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Power firm Leader Energy weighs $433mn Malaysia IPO, say sources

BLOOMBERG Leader Energy Holding Bhd is preparing for an initial public offering in Malaysia and is seeking to raise as much as       2 billion ringgit ($433 million), according to people with knowledge of the matter, in what would be the country’s biggest first-time share sale since 2017. The Kuala Lumpur-based power company plans to submit its draft prospectus to the ...

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AGL to spend $6.9 billion in shift to renewables from coal

BLOOMBERG AGL Energy Ltd said it would massively expand its production of clean energy as it abandons coal-fired power plants. The company will spend as much as A$10 billion ($6.9 billion) of its own money to build new facilities, including with debt-financing, Chief Financial Officer Gary Brown said. The Australian coal giant, which came under attack from billionaire climate activist ...

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Cathay Pacific to hire more cabin crew from China

BLOOMBERG  Cathay Pacific Airways Ltd will recruit more cabin crew from mainland China and widen the use of Mandarin language on flights, its chief executive officer said, less than a month after the carrier fired three flight attendants for disparaging passengers who didn’t speak English. “With the growing number of Putonghua-speaking customers, it has always been our intention to recruit ...

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