CGN said to weigh IPO of Malaysian electricity firm

Listing of the business on the Kuala Lumpur stock exchange could raise $400 million

China General Nuclear Power Corp, which bought embattled state fund 1Malaysia Development Bhd's power assets for $2.3 billion this year, is considering listing the business as early as 2017, people with knowledge of the matter said.

The State-owned company could raise as much as $400 million from a Malaysian initial public offering of Edra Global Energy Bhd, said the people, who asked not to be identified as the details are private.