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PETALING JAYA: The Employees Provident Fund, together with Khazanah Nasional Bhd's wholly-owned UEM Group Bhd, is likely to make an offer to acquire the entire assets and liabilities of PLUS Expressways Bhd in a deal which values the highway operator at some RM23bil or close to RM4.60 per share.
PETALING JAYA: Asas Serba Sdn Bhd, a company that sensationaly made a bid to buy all the highways in the country for RM50bil last year, might find too many obstacles in its way should it decide to lodge a bid for PLUS Expressways Bhd, according to analysts.
KUALA LUMPUR: Economists and analysts are baffled as to how some minority shareholders of PLUS Expressways Bhd can be unhappy with the RM4.60 per share offer price made by UEM Group Bhd and the Employees Provident Fund, ahead of deliberations on the merits of the deal.
PETALING JAYA: The plan to improve the local stock market's scale and liquidity will not see immediate results as the Government's process of selling down its stakes in government-linked companies (GLCs) and attracting foreign investors to pick up local stocks will take time, according to fund managers and analysts.
PETALING JAYA: Government-linked investment companies (GLICs), including Kumpulan Wang Persaraan (KWAP), have indicated an intention to vote in favour of the proposed takeover of PLUS Expressways Bhd by UEM Group and the Employees Provident Fund (EPF), reliable sources said.