KUALA LUMPUR: CIMB Equities Research expects Puncak Niaga's share price to rally after announcing it accepted a RM1.6bil cash takeover offer for its two water concession assets.
The research house said on Wednesday the timing of the news was a slight surprise but it was overall positive given Puncak's past rejections of the offer from the Selangor government.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
