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THAT the shareholders of highway operator PLUS Malaysia Bhd, namely Khazanah Nasional Bhd’s UEM Group Bhd and the Employees Provident Fund (EPF) received a takeover offer this week for their stakes in PLUS, is not entirely surprising or new.
PETALING JAYA: CIMB Group Holdings Bhd and its unit have initiated an arbitration proceeding against highway concessionaire PLUS Malaysia Bhd for breaching some of the terms of their joint-venture agreement (JVA) in relation to Touch ‘n Go Sdn Bhd (TNGSB)
PLUS Malaysia Bhd (PLUS), operator of the North-South Expressway (NSE), will be applying several strategies to channel traffic and strengthen its highway operations for smoother travels during the Chinese New Year holidays.
KUALA LUMPUR: A Member of Parliament has joined the tide of concern over Plus Malaysia Bhd possibly being acquired by a private party, saying the profitable highway operator should remain in government hands.
KUALA LUMPUR: PLUS Expressway Berhad toll charges may go up by 5% next year under the revised highway concessionaire agreement.