KUALA LUMPUR: A major shareholder of PLUS Expressways Bhd is “not happy” with the Employees Provident Fund (EPF)-UEM Group Bhd’s takeover price for the firm, and may consider other bids, according to two sources.
Kumpulan Wang Persaraan (KWAP), the civil servants’ pension fund which owns a 5.22% stake in PLUS, believed PLUS deserved a better price, said the sources who have direct knowledge of the matter.
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