Nation

Finance Ministry makes preliminary objection to PLUS Malaysia takeover

By MARTIN CARVALHO, HEMANANTHANI SIVANANDAM, RAHIMY RAHIM and TARRENCE TAN

KUALA LUMPUR: The Finance Ministry has made a preliminary objection against Maju Holdings Sdn Bhd's takeover of PLUS Malaysia Bhd, after taking consideration the views of main shareholders Khazanah Nasional Bhd and Employees Provident Fund (EPF).

Finance Minister Lim Guan Eng said the two main shareholders of PLUS Malaysia Bhd had expressed their objection, but did not reveal the reason behind it.

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