Planned buyout of 4 highways may proceed


  • Construction
  • Tuesday, 21 Jan 2020

PETALING JAYA: The planned buyout of the four highways related to GAMUDA BHD appears likely to proceed following the government’s decision not to divest PLUS Malaysia Bhd to a private entity.

In a report, Kenanga Research said the decision is positive for Gamuda.

“In particular, the government’s stance to keep PLUS will be seen as consistent with its previously announced plan to take over the four highways held by Gamuda.

“This could pave the way for Gamuda to sign the definitive agreements with the government by the Feb 29 deadline,” it said in a report.

Gamuda shares continued to trend up in early trade yesterday, rising to an intra-day high of RM4.23 on this optimism.

However, it closed one sen higher to end the day at RM4.11. A total of 8.14 million shares were traded.

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highways , Gamuda Bhd , PLUS Malaysia

   

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