SUBANG JAYA: PLUS Expressways Bhd has entered into conditional agreements with the UEM Group to acquire the entire interests in Expressway Lingkaran Tengah Sdn Bhd (Elite) and Linkedua (Malaysia) Bhd for RM866mil.
The move, said managing director Noorizah Abdul Hamid, was in line with the company's expansion plans and would make it an integrated toll expressway operator while becoming an early, active participant in the development of the Iskandar Development Region (IDR).
