The NSL acquisition appeared to be another strategic move by the YTL group. Lets see what the IBs assessment later.

TS Hamdan likely would keep his Chairman and Chief Executive in Ranhill plus say get appointed as a director to the BOD of YTL group

MULTIPLE PROPOSALS YTL POWER INTERNATIONAL BERHAD ("YTLPI" OR "COMPANY") (I) ACQUISITION; AND (II) UNCONDITIONAL MANDATORY TAKE-OVER OFFER ("MTO") (COLLECTIVELY REFERRED TO AS "TRANSACTIONS")
YTL POWER INTERNATIONAL BHD

On behalf of the Board of Directors of YTLPI, Maybank Investment Bank Berhad (“Maybank IB”) wishes to announce that SIPP Power, an indirect 70% owned subsidiary of YTLPI, had on 28 May 2024 entered into an unconditional share purchase agreement with Tan Sri Hamdan Mohamad, Hamdan Inc. (Labuan) Pte Ltd and Hamdan (L) Foundation (collectively, “Vendors”) (“SPA”) for the acquisition of 405,178,390 existing ordinary shares in Ranhill (“Ranhill Shares”) by SIPP Power from the Vendors, which represents approximately 31.42% equity interest in Ranhill, together with 2,025,891 Ranhill Shares to be issued pursuant to the share dividend of 0.5 Ranhill Shares for every 100 Ranhill Shares held on the entitlement date of 21 May 2024, for a total cash consideration of RM405,178,390 or effectively RM0.995 per Ranhill Share (“Acquisition”).
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3450649

Ranhill's announcement requests suspension from 9:00 a.m. to 1:00 p.m. on Tuesday, 28 May 2024, pending the release of a material announcement.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3450540

Thanks@jeffchan1901

Any idea if YTL group would release quarterly report today?

If break resistance 1.55 this week, future would be bright