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Business

Gamuda says SPLASH discussing KDEB’s RM1.83b offer

KUALA LUMPUR: Gamuda Bhd’s 40% owned Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH Holdings) is deliberating on the RM1.83bil takeover offer from the Selangor State Government.

Business

KPS more keen on Air Selangor's RM2.55b offer, Gamuda to review

KUALA LUMPUR: Pengurusan Air Selangor Sdn Bhd's (Air Selangor) RM2.55bil offer for Syarikat Pengeluar Air Selangor Holdings Bhd (SPLASH) seemed to have received mixed reception from the two major shareholders.

Business

Selangor unlikely to get another extension in takeover bid

KUALA LUMPUR: After three delays, the Selangor government is unlikely to get another extension in its bid to take over water concession company Syarikat Pengeluar Air Selangor Sdn Bhd (Splash).

Business

Water catalysts could return in H2 of 2017 for Taliworks

KUALA LUMPUR: CIMB Equities Research says water catalysts could return in the second half of FY2017 for Taliworks if the RM500mil in water receivables is recoverable and if Air Selangor’s takeover of Syarikat Pengeluar Air Selangor (SPLASH) is resolved.

Business

CIMB Research retains Neutral on water sector

KUALA LUMPUR: CIMB Equities Research is retaining its neutral outlook on the water treatment and services sector pending the Aug 10 water deal deadline for the takeover of Syarikat Pengeluar Air Selangor (SPLASH).

Corporate News

Air Selangors inks deal to acquire Splash

KUALA LUMPUR: Syarikat Pengeluar Air Selangor Holdings Bhd (Splash Holdings) today entered into a conditional agreement to sell water treatment concessionaire Syarikat Pengeluar Air Sungai Selangor Sdn Bhd to the Selangor government for RM2.55bil.

Nation

Air Selangor offers to take over SPLASH for RM2.55bil (updated)

PETALING JAYA: Pengurusan Air Selangor Sdn Bhd (Air Selangor) has offered to take over Syarikat Pengeluar Air Selangor Sdn Bhd (SPLASH) for RM2.55bil.

Business

Splash accepts Selangor’s third revised offer

PETALING JAYA: Selangor's chequered pace of water sector restructuring took one step forward yesterday with the acceptance by Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) - a 40% associate of Gamuda Bhd - of the state government's third revised offer to take over its assets and operations.

Nation

Splash yet to agree on water deal, says Khalid

KLANG: While Puncak Niaga Sdn Bhd, Syarikat Bekalan Air Selangor (Syabas) and Konsortium Abbas Sdn Bhd (Abbas) accepted the offer for their equities and liabilities to be taken over, Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) has yet to agree to the deal.

Business

Splash risks facing huge financial dilemma

KUALA LUMPUR: If the deadlock in the plans to restructure the water sector in Selangor continues to hang on a thread with the various parties out to safeguard their widely divergent interests, then Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) will face a huge financial dilemma.