KUALA LUMPUR: UBG Bhd, which has obtained approval from the Securities Commission (SC) to proceed with the takeover of Putrajaya Perdana Bhd and Loh & Loh Corp Bhd, is looking at concession income to be a bigger part of its revenue.
The Sarawak-based company, armed with cash from the takeover of CMS Roads Sdn Bhd and CMS Pavement Tech Sdn Bhd and, together with the help of its new investors, is said to be eyeing construction companies that own concessions in Malaysia.
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