RM5.48bil drive for highways

Vincent Lau

KUALA LUMPUR: The government has revived the takeover of four expressway concessions in the Klang Valley but more may be on the cards as discussions are ongoing.

According to a filing by Gamuda Bhd with Bursa Malaysia, the government has made a bid for its highways that valued Kesas Holdings Bhd, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint), Lingkaran Trans Kota Holdings Bhd (Litrak) and Projek Smart Holdings Sdn Bhd (Smart highway) at an equity value of RM4.432bil. The highways are also valued at an enterprise value (EV) of RM5.48bil.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
Public Mutual declares over RM47mil for two funds
Budget 2024: A tough balancing act for Anwar
Marine & General cautiously optimistic about FY24 performance
WtE space heats up
CPO price set to recover
Private hospitals, insurers stirred as claims rise
Fit for expansion
Streamlining a business practicality

Others Also Read