Malaysian state firms look abroad to stretch wings

Newswire

By Hsu Chuang Khoo and Jalil Hamid KUALA LUMPUR, March 24 (Reuters) - Some of Malaysia's largest state-controlled firms wooed investors on Friday with ambitious plans for expansion overseas, promising to sharpen operations, boost revenues and lessen their dependence on local markets. The country's largest power distributor, Tenaga Nasional Bhd , vowed to expand overseas operations by 2016 and dominant phone provider Telekom Malaysia Bhd said it would expand its mobile presence across ...

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