Air Selangor: 28% discount in deal

  • Nation
  • Saturday, 11 Aug 2018

SHAH ALAM: Pengurusan Air Selangor Sdn Bhd (Air Selangor) has denied allegations that it gave special treatment to Syarikat Pengeluar Air Sungai Selangor (Splash) when it offered the company an acquisition value of RM2.55bil on Aug 3.

Air Selangor chief executive officer Suhaimi Kamaralzaman said on the contrary, the discount used in acquiring Splash was much higher compared to the discount used in the takeover of Puncak Niaga (M) Sdn Bhd (PNSB), owned by Puncak Niaga Holdings Bhd in 2015.

Utilities , splash , air selangor