PETALING JAYA: The Government’s decision to nationalise water assets in Selangor by invoking the Water and Services Industry Act 2006 (Wasia) have caught financial analysts covering the concessionaires off guard.
Many, including those at CIMB Research and Maybank IB Research were hoping that the five-year water restructuring exercise in Selangor could be resolved on a “willing-buyer, willing-seller” basis.
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