On June 26, 2020, Ranhill had submitted a proposal for the restructuring of IWK that will involve, among others, the disposal by MOF Inc of its interest in IWK to the company.
KUALA LUMPUR: Ranhill Utilities Bhd
will undertake a due diligence exercise on Indah Water Konsortium Sdn Bhd for the proposed disposal of the Finance Ministry's stake in the wastewater and sanitisation company.
The group said in a filing with Bursa Malaysia that it had received a letter from Minister of Finance, Inc (MOF Inc) inviting it to undertake the exercise before finalising its restructuring proposal.
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