KUALA LUMPUR, January 29, 2016 – Ranhill Holdings Berhad today announced the extension of its public offering (Offering) to 25 February 2016 for the retail offering and 29 February 2016 for the institutional offering, in order to facilitate further interest from potential investors.

To date, a total of 172,561,000 offering shares have been taken up by three cornerstone investors, namely Permodalan Darul Ta’zim Sdn Bhd, Lembaga Tabung Haji and Corston-Smith Asset Management Sdn Bhd.

Tan Sri Hamdan Mohamad, President and Chief Executive of Ranhill, said, “The extension is primarily aimed at facilitating the internal processes of a number of institutional investors, who had requested for more time for deliberation. With our track record, we firmly believe that this Offering provides investors with an attractive opportunity to participate in the environment and energy sectors. It is also our intention to recommend a minimum dividend pay-out of 70% of our Company’s profits attributable to equity holders for FY16.”

Ranhill has businesses in the environment and energy sectors. Through its environment business, Ranhill, via its subsidiary SAJ Holdings Sdn Bhd, is the exclusive water operator for the entire State of Johor, providing water supply services to the second most populous state in Malaysia. The business also extends to the operation of water and wastewater treatment plants, non-revenue water reduction and specialised services in the management and optimisation of water utility assets.

In addition, Ranhill has water and wastewater concessions in China and Thailand, with total combined design capacity of more than 400 MLD. In China, Ranhill currently operates ten (10) water, industrial wastewater and water recycling plants in the provinces of Henan, Anhui, Jiangxi and Liaoning.

Meanwhile, via its power generation business, Ranhill has established itself as one of the largest independent power producers in Sabah, and is involved in the provision of operations and maintenance services for power plants, as well as provision of support services.

The revised date for the listing is slated for March 2016.