Extension given for disposal of highways

Gamuda said that each concession holding companies – Kesas Holdings Bhd (pic), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint Holdings), Lingkaran Trans Kota Holdings Bhd (Litrak Holdings) and Projek Smart Holdings Sdn Bhd (Smart Holdings), have each separately accepted their respective conditional letter of offer for the proposed disposal of all the securities to ALR.

KUALA LUMPUR: Gamuda Bhd has said that Amanat Lebuhraya Rakyat Bhd (ALR) and the four expressway concession companies have agreed to extend the Definitive Agreement Execution Date from July 31 to Aug 30.

“Notwithstanding the deadline extension for the execution, the board aspires to execute the Definitive Agreements on or before Aug 5, 2022,” Gamuda said in a filing with Bursa Malaysia.

On April 18, Gamuda said that each concession holding companies – Kesas Holdings Bhd, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint Holdings), Lingkaran Trans Kota Holdings Bhd (Litrak Holdings) and Projek Smart Holdings Sdn Bhd (Smart Holdings), have each separately accepted their respective conditional letter of offer for the proposed disposal of all the securities to ALR. — Bernama