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Tenaga slapped with RM2 billion in taxes from additional assessments

The state-owned utility's shares had rallied last week after its bid for the power assets of the controversial 1MDB was eclipsed by China General Nuclear Power's superior offer.

Kuala Lumpur

THE tax man has come a-calling for Tenaga Nasional to the tune of over RM2 billion (S$664.3 million) in additional assessments, shocking the market.

The state-owned utility said in a brief filing to the stock exchange on Friday that it had received Notices of...