PENGURUSAN Aset Air Bhd (PAAB) will source RM2bil in funding next year to pay for the takeover of water assets from several states and address the mid-term capital requirement of each state, said its chief executive officer Suhaimi Kamaralzaman.
“For now, we need RM2bil and we expect to go to the banks by year-end. Initially, we will seek borrowings but later convert them into bonds.
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