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Business 20 Jun 2014 | 12:00 AM

PNB accepts Gamuda's RM290mil Kesas highway offer

PETALING JAYA: Permodalan Nasional Bhd (PNB) has accepted Gamuda Bhd’s improved offer price of RM3.08 per share, or RM290mil cash, to acquire its 20% stake in Kesas Holdings Bhd.

Business 25 Dec 2013 | 12:00 AM

All eyes on PKNS after Gamuda's new offer for Kesas highway stake

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.

Business 31 Dec 2013 | 6:56 PM

Analysts positive on Gamuda’s 70% stake in Kesas

KUALA LUMPUR: The eventual acquisition of a 70% stake in Kesas Holdings Bhd by Gamuda Bhd is expected to boost the latter’s earnings prospect going forward, according to analysts.

Business 07 Nov 2013 | 12:00 AM

Gamuda's Kesas buy seen positive

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).

Business 09 Sep 2013 | 5:11 PM

RAM Ratings reaffirms AA3 rating of Kesas’ Islamic debt issue

RAM Ratings has reaffirmed its AA3/stable/- rating of Kesas Sdn Bhd’s RM800mil Al-Bai’ Bithaman Ajil Islamic Debt Securities (2002/2014).

Business 11 Feb 2014 | 12:00 AM

Gamuda fails in bid to buy PNB’s Kesas stake

KUALA LUMPUR: Gamuda Bhd has failed to get Pemodalan Nasional Bhd (PNB) to sell its 20% stake in highway operator Kesas Holdings Bhd.

Business 04 Jul 2019 | 12:00 AM

Litrak, Sprint, Kesas accept govt offer

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.

Business 31 Dec 2013 | 12:00 AM

New Kesas offer closed

PETALING JAYA: Gamuda Bhd’s latest offer dated Dec 23 to acquire all the equity interest the company does not own in Kesas Holdings Bhd has closed.

Business 19 Dec 2013 | 4:25 PM

Gamuda up on latest move to buy out Kesas

KUALA LUMPUR: Shares of Gamuda was up in active trade on Thursday after the group was said to increase its stake in Kesas from 30% to 50% following the acceptance from Amcorp.

Business 12 Apr 2014 | 12:00 AM

Y&G gets nod for KESAS land buy

KUALA LUMPUR: Property developer Y&G Corp Bhd has obtained shareholders’ nod to proceed with the proposed KESAS land and related-party acquisitions.