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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.
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.
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.
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).
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).
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.
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.
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.
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.
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.
