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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.
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.
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)
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 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.
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.