Asiatic Group responds to open letter from minority shareholder
It says loss-making Maju Intan Power Plant is operating at a higher capacity compared to the previous years
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Singapore
ASIATIC Group has responded to an open letter from a minority shareholder that questioned the continued operations of its poorly-performing power plants.
Last month, minority shareholder Jerry Low wrote to Asiatic's board expressing unease over its decision to commit what he felt was a "disproportionately huge exposure" to the loss-making Maju Intan Biomass Energy project in Malaysia, among other things.
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