Progress of Elite deciding factor for injection into Plus, says Wahid


  • Business
  • Thursday, 16 Jan 2003

UNITED Engineers (M) Bhd (UEM) will look at the current year's performance of Expressway Lingkaran Tengah Sdn Bhd (Elite) before considering whether to inject this subsidiary into Plus Expressways Bhd, UEM managing director and CEO Abdul Wahid Omar said. 

Wahid, who is also Plus Ex- pressways executive vice-chairman, said UEM believed that it would be ideal if the group could consolidate all its toll operation companies under a single-listed vehicle. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read