Meiya, what the NEW OWNERS are planning to do: MPC Holdings planned IPO (January 2010)

MPC, controlled by Standard Chartered Private Equity Ltd. and investment funds co-managed by Noonday Asset Management Asia Pte. Ltd and Farallon Capital Management, LLC, earlier planned to make an initial public offering in Singapore but postponed the listing in October 2005 and then in March 2006.

Link: MPC Aims to Raise Up To US$400 Million in Hong Kong IPO - NASDAQ Online - 12 January, 2010

Note:  The previous link to FOX Business was no longer active so a different link to the article has been provided.

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