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Business

A fresh offer for PLUS

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.

Business

Ownership of PLUS highways remains status quo for now

TAN Sri Halim Saad may be his own worst enemy in trying to get government support in his attempt to buy highway operator PLUS Malaysia Bhd. This is the general perception considering the cool reception to his fresh offer for PLUS last week.

Business

CIMB serves PLUS with arbitration notice in relation to Touch ‘n Go

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)

Business

MARC affirms ratings of PLUS' RM23.35b Sukuk

KUALA LUMPUR: Malaysian Rating Corp (MARC) has affirmed its AAAIS rating on Projek Lebuhraya Usahasama Bhd's (PLUS Bhd) RM23.35bil Sukuk Musharakah programme with a stable outlook.

Business

Sekijang MP says best to keep Plus in government hands

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.

Business

PLUS Malaysia appoints Mohamad Nasir as chairman

KUALA LUMPUR: PLUS Malaysia Bhd has appointed Datuk Mohamad Nasir Ab. Latif as its chairman effective from Thursday.

Business

PLUS spends RM1bil in 2016 to maintain highways, says COO

KUALA LUMPUR: PLUS Malaysia Bhd spent RM1bil in 2016 to maintain 5,000 km of highways in the country as part of its commitment to ensure safety for road users.

Business

No intention to sell Plus, says EPF

KAJANG: The Employees Provident Fund (EPF) has no intention to sell its 49% stake in Plus Malaysia Bhd, as the country’s largest highway concessionaire is contributing substantial earnings to the fund, said EPF CEO Datuk Shahril Ridza Ridzuan.

Business

Govt does not want PLUS to suffer same fate as Perwaja

KUALA LUMPUR: The company bidding to take over PLUS Malaysia Bhd must submit a practical and indepth proposal, says Second Finance Minister Datuk Seri Johari Abdul Ghani.

Business

PLUS proposes Lekas-NSE toll road

PETALING JAYA: PLUS Expressway Bhd, the operator of the North South Expressway (NSE), has proposed to build a toll road in Senawang, Negri Sembilan, linking the Kajang-Seremban Expressway (Lekas) to the NSE.