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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.
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.
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).
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.
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.
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.
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.
PERBADANAN Urus Air Selangor Bhd (PUAS) plans to seek the Government#8217;s assistance to help settle the RM2.23bil in outstanding payments (as at end August) that it owes three water treatment plant operators #8211; Puncak Niaga Holdings Bhd, Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) and Konsortium Abass Sdn Bhd.
PETALING JAYA: The Selangor government is still negotiating with Syarikat Pengeluar Air Selangor Bhd (Splash) and Syarikat Bekalan Air Sdn Bhd (Syabas) to take over their respective water assets and related operations under the state's water restructuring exercise.