Ekovest gets extension for Duke exit plan

PETALING JAYA: Ekovest Bhd has obtained an extension from the Employees Provident Fund (EPF) to facilitate and implement an exit plan in Duta-Ulu Kelang Expressway (Duke) concessionaire Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi).

Kesturi is 40% owned by EPF while the remaining share is owned by Ekovest.

In a filing to Bursa Malaysia, the group said it received approval from EPF for a one-year extension with an automatic extension for an additional year for the “extended exit date” under the shareholders’ agreement to Feb 12, 2026.