Air Selangor inks accord with Puncak Niaga involving total of RM9.65bil

Suhaimi (right) exchanging documents with Ruslan. Witnessing the event are (from extreme left) Energy, Green Technology and Water Ministry secretary general Datuk Loo Took Gee, Deputy Energy, Green Technology and Water Minister Datuk Seri Mahdzir Khalid, Ongkili and Selangor state secretary Datuk Mohammed Khusrin Munawi. — Bernama

PUTRAJAYA: Selangor’s new water entity, Pengurusan Air Selangor Sdn Bhd (Air Selangor), has signed the share sale and purchase agreement with Puncak Niaga Holdings Bhd, marking the start of the takeover of the operations and maintenance of water treatment plants and water supply services in the state.

Following the agreement, Air Selangor is now the new owner of Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor (Syabas).