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

Foreign investors offload US$1.05bil in Asian equities
Asean manufacturing PMI improves in Dec - S&P Global
Asian shares shrug off Venezuela impact and climb; oil volatile
Ringgit opens slightly lower as risk aversion lifts US$
FBM KLCI starts first full trading week of 2026 with early morning rally
Japan's factory activity steadies as demand declines slow, PMI shows
Trading ideas: Chin Hin, Enra, Go Hub, Vetece, Pmesti, Pekat, Press Metal, Suria Capital, Theta Edge
RM4.00 within reach
Auto market switching to slow lane
Axis-REIT Johor industrial property buy a positive

Others Also Read