Ranhill says no plans to sell SAJ Ranhill

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KUALA LUMPUR: Ranhill Holdings Bhd does not plan to sell its 80% shareholding in water services company SAJ Ranhill Sdn Bhd.

It issued the statement on Monday to refute a news article entitled “Johor government to acquire water services company SAJ Ranhill”.

“On behalf of the board of Ranhill, the company wishes to clarify that the company is not aware of the proposed acquisition by the Johor state government. 

“The company has no intention to divest its present equity stake of 80% held in SAJ Ranhill Sdn Bhd,” it said.