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PETALING JAYA: While Gamuda Bhd’s revised offer for the remaining 70% stake in Kesas Holdings Bhd is fair, it remains to be seen if Perbadanan Kemajuan Negeri Selangor (PKNS) will accept the offer.
PETALING JAYA: Gamuda Bhd’s intended purchase of the 70% stake it does not already own in highway concession company Kesas Holdings Bhd will help the former mitigate its potential earnings loss from its eventual disposal of Syarikat Pengeluar Air Selangor Holding (Splash).
RAM Ratings has reaffirmed its AA3/stable/- rating of Kesas Sdn Bhd’s RM800mil Al-Bai’ Bithaman Ajil Islamic Debt Securities (2002/2014).
PETALING JAYA: Lingkaran Trans Kota Holdings Bhd (Litrak), Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint) and Kesas Sdn Bhd are in favour of the government’s proposed takeover offer for their toll concessionaires.