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PETALING JAYA: Now that no new offers for PLUS Expressways Bhd have materialised, the impending takeover of the company's assets and liabilities by the UEM Group and the Employees Provident Fund (EPF) will likely be voted through by PLUS' minority shareholders, according to bankers close to the deal.
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.
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: 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.