WZ Satu buys SILK Highway for RM368mil

SILK Highway, an urban road that serves the south eastern corridor of the Klang Valley, is one of the 12 highways in the Valley that began to charge higher toll rates in October last year.

KUALA LUMPUR: Silk Holdings Bhd (SHB) has signed a heads of agreement to dispose its entire equity interest in tolled highway concessionaire Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd (SILK) to bauxite mining and construction firm WZ Satu Bhd for RM368mil.