The state government of Malaysia agreed to acquire an additional unknown stake in Sabah Electricity Sdn. Bhd. from Tenaga Nasional Berhad (KLSE:TENAGA) on January 18, 2019. Transaction is conditional upon approval of The Energy, Green Technology and Water Ministry (KeTTHa) as well as approval of due diligence. The state government will form a special committee to detail the transition period in the takeover of Sabah Electricity Sdn Bhd (SESB) from Tenaga Nasional Berhad (TNB). On November 4, 2019, Cabinet has approved the ownership of SESB to be handed to the state government and the approval of due diligence was completed. As of July 03, 2020 the transaction is expected to be completed by the 1st quarter of 2021.