Halim Saad and Wong make RM5.2bil offer to take over PLUS


“I intend to undertake this offer with Wong, a prominent businessman, who currently sits on the boards of Insas Bhd, Inari Amertron Bhd, Ho Hup Construction Co Bhd, SYF Resources Bhd and Yi-Lai Bhd, ’’ Halim said in the letter dated Oct 11 sighted by StarBiz.

PETALING JAYA: Businessman Tan Sri Halim Saad and Datuk Wong Gian Kui have joined the race to take over PLUS Malaysia Bhd (PMB) with a RM5.2bil offer.

This is also not the first time Halim is wanting to get PMB back. Last October, he and his friends via Karongsa Private Capital Sdn Bhd had written to Works Minister Baru Bian to propose the setting up of a highway trust company to take over all the toll roads in the country.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Halim Saad , Wong , offer , take over , PLUS , RM5.2bil , highway ,

Next In Business News

Invictus Blue confirms exit of two senior leaders following organisational reset
Oil extends climb on Iran supply disruption concerns
Gold steadies below record US$4,600/oz as investors book profits
Velocity Capital exits MMAG with RM9.4Mil share disposal
Trump vows 25% tariff on countries doing business with Iran
Australia's Lynas Rare Earths CEO to retire after over a decade in role
AirAsia X to be renamed AirAsia from Jan 19
HK sees innovation, tech efforts bear fruit
VSTECS appointed distributor of Agibot humanoid robotics solutions
Kumpulan Jetson unit disposes of adhesives manufacturing business for RM14.8mil

Others Also Read