Khazanah not selling PLUS stake despite higher bids


“We are not in the mood to sell the asset and actually haven’t got any kind of bidding process going on, ” Khazanah’s managing director Datuk Shahril Ridza Ridzuan said yesterday on the sidelines of Permodalan Nasional Bhd’s Corporate Summit 2019.

PETALING JAYA: Khazanah Nasional Bhd has reiterated that it is not interested in selling its 51% stake in PLUS Malaysia Bhd highways, even as the interested private-sector suitors continue to raise their bids.

“We are not in the mood to sell the asset and actually haven’t got any kind of bidding process going on, ” Khazanah’s managing director Datuk Shahril Ridza Ridzuan said yesterday on the sidelines of Permodalan Nasional Bhd’s Corporate Summit 2019.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Khazanah , sell , PLUS , highway , Shahril Rifzuan , higher , bids ,

   

Next In Business News

Tengku Zafrul: ADIA to play crucial role in MAHB transformation
MNRB appoints Wan Ahmad Najib as president and CEO of Takaful Ikhlas Family
Kimlun disposes of land for RM55mil
Harvest Miracle’s rights issue oversubscribed by more than 20%
ADIA to increase investments, create greater value in investments in Malaysia
Solarvest buys 3 pieces of land in Kedah for RM19.99mil
OCBC Malaysia named Best Green Data Centre 2024
Yinson nears deal with investors including Abu Dhabi for US$1bil funding
Xin Hwa subsidiary resumes operations after license suspension
Infomina wins RM13mil order from PCCW Group for tech support services

Others Also Read