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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Trading ideas: Dnex, YTL Power, Mah Sing, IJM, Hua Yang, TXCD, TM, Kossan, Genting, MPI, Kelington, YTL
Zetrix AI launches RideNow motorcycle marketplace
Perak Transit targets 10% to 15% cost savings through digitalisation, AI
Resilient auto sales offset by margin pressures
Sunway Healthcare’s 2Q26 earnings jump
Dnex proposes sale of FPSO Excalibur to MISC
YTL Corp’s revenue rises
Hektar-REIT NPI rises on occupancy gains
Kossan 2Q net profit doubles on stronger glove sales
Mah Sing unlocks RM617.9mil from its DC Hub

Others Also Read