PETALING JAYA: The Government’s planned takeover of the companies operating the controversial Automated Enforcement System (AES) has hit a bump due to a valuation gap between the authorities and the concessionaires.
According to sources, the Government has placed a valuation of about RM180mil each to take over the companies lock, stock and barrel, while the operators contend it should be double that amount or more.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
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!