KUALA LUMPUR: Puncak Niaga Holdings Bhd held a special board of directors meeting yesterday to deliberate on the offers made by Kumpulan Darul Ehsan Bhd (KDEB) to acquire its stakes in two water assets, but was unable to reach a final decision.
In a filing with Bursa Malaysia, Puncak Niaga said that after full deliberation and after considering the advice of its adviser – Hong Leong Investment Bank Bhd – on the matter, the company was unable to reach a final decision to even consider giving approval in principle to KDEB’s offers.