Meiya, what the OLD OWNERS - BTU - failed to do: MPC Holdings planned IPO (October 2005)

Middle East energy investment firm BTU has a 49.74 percent stake in MPC, Asian Infrastructure fund holds 29.84 percent and investment holding company Asia Energy has 19.89 percent, the prospectus shows.  In December last year, BTU bought the stake in MPC from US power company PSEG for US $220 million.

Link:  Power firm to spend total IPO proceeds on expansion - The Standard