Gamuda: Splash worth at least RM2.8bil


PETALING JAYA: Gamuda Bhd’s 40%-owned Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) should be sold at least at its book value of RM2.8bil as at end-November, said its group managing director Datuk Lin Yun Ling.

Speaking to reporters after the company’s AGM and EGM, Lin said: “We don’t want to divest at a loss.”

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Gamuda Bhd , 5398 , water assets , splash , MRT , landbank ,

Next In Business News

European stocks clinch best year since 2021�
Xi promises more proactive macro policies
Crest aims to ride semiconductor momentum
Gold futures end 2025 easier, in sync with Comex�
Berjaya Assets appoints Vincent Tan’s son-in-law as new CEO
Washington approves TSMC chip shipments to China
Oyo Hotels’ parent files confidential IPO in India
Dollar posts worst year since 2017�
Beijing buys two-thirds of pledged US soybeans
China AI chip firm Biren raises US$717mil in Hong Kong IPO

Others Also Read