SSPAs of four concession companies done

In a filing with Bursa Malaysia, the company said the SSPAs have met all conditions under the conditional letters of offer (CLOOs) with over 99% approval rating at Gamuda and Lingkaran Trans Kota Sdn Bhd’s (Litrak) EGMs held on July 27 and Aug 5 respectively.

KUALA LUMPUR: Gamuda Bhd announced that the share sales purchase agreements (SSPAs) of four expressway concession companies were successfully executed with Amanat Lebuhraya Rakyat (ALR).

In a filing with Bursa Malaysia, the company said the SSPAs have met all conditions under the conditional letters of offer (CLOOs) with over 99% approval rating at Gamuda and Lingkaran Trans Kota Sdn Bhd’s (Litrak) EGMs held on July 27 and Aug 5 respectively.

“All the conditions as set out in the respective CLOO have been fulfilled on Aug 5, 2022. “Accordingly, on even date, each of the concession holding companies had entered into the respective finalised SSPA with ALR for the disposals,” it said. — Bernama