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.”

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Singapore stocks lag Asia recovery as banks extend losses
Anta becomes Puma's largest shareholder as firm accelerates global expansion
EcoWorld holds second Business Ascend Forum at Eco Business Park VII
Orkim completes delivery of Orkim Opal, expands fleet to 20 vessels
CelcomDigi introduces revised roaming passes starting from RM10
Manufacturing sector sales rise 9.9% to RM185.bil in August 2026 - DOSM
Malaysia's IPI expands 5% in August, manufacturing sales hit RM185bil
Bursa Malaysia stays higher at midday ahead of Budget 2027
PMB Tech proposes diversification into manufacture of silicon-aluminium alloy
Unisem proposes Phase 2 expansion of Gopeng facility

Others Also Read