Biz Watch

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  • Saturday, 11 Jan 2003

TAN Sri Syed Mokhtar Albukhary, say sources, is keen to expand and beef up his water assets. The water assets he is currently eyeing, say industry sources, are those in Selangor. While it is not yet clear what these assets are, it has been indicated that one of them being considered (note: merely at preliminary stage) is SPLASH. 

SPLASH or Syarikat Pengeluar Air Sungai Selangor is 40 per cent-owned by Tan Sri Wan Azmi Hamzah, 30 per cent by Gamuda Bhd and 30 per cent by Kumpulan Darul Ehsan Bhd or KDEB, the investment wing of the Selangor state government. It is also not clear whether these assets will be acquired by Mokhtar's privately owned companies or listed entities which he controls but the likelihood may well be the latter to enhance shareholder value. 

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