KUALA LUMPUR: Maju Holdings Sdn Bhd is proposing to absorb the RM2.7 billion in toll compensation owed by the government to PLUS Malaysia Bhd if the company’s acquisition of the country’s largest highway concessionaire goes through.

“The government currently owes PLUS RM2.7 billion in toll compensation. If Maju Holdings takes over PLUS, we are pleased to inform that we will no longer hold the government responsible for these debts,” it said in a statement today.

It said this would translate into savings for the government as Maju Holdings would absorb this RM2.7 billion compensation.

“Our enterprise value to purchase PLUS, including debt outstanding to bondholders, will be RM34.9 billion.



“This purchase consideration is a reflection of the true and fair value of this company and its assets, taking into consideration our intention to provide Malaysian road users with tangible discounts,” it said.

Maju Holdings is also proposing to reduce toll fares by up to 36% and would not seek financial compensation from the government for the reduction.

Apart from that, the company said it was committed to invest some RM5.3 billion, which would include lighting up the entire stretch of the highway, along with other much-needed enhancements.

Maju Holdings, which owns Maju Expressway Sdn Bhd, the operator of Maju Expressway (MEX), said with the latest offer, the company was offering the government and existing shareholders of PLUS an estimated total equity internal rate of return of 16%.

“This represents a return that far surpasses the cost of equity for a majority of other toll road concessions, both globally as well as across Southeast Asia,” it said.

The company is also confident that its operational track record in managing the MEX highway would help to reduce the maintenance cost for PLUS.

“We have successfully operated the MEX highway in a highly cost-effective manner compared with PLUS toll roads that should benefit from economies of scale. In fact, we have one of the lowest costs per kilometre in the country,” it added.

Reduce toll fare my ass lah... MEX highway paling mahal in KL for it's short distance. What happen to MEX 2? All the hype now all quiet dy.

Good

All can stay home buat baby...

Tapi... Hiway plg best nk race.. Jln smooth jer...

Mahal pun 3.50 jer... Tapi Jem dari equine sampai kuchai lama.

+1

see the maju junction mall also like +_)_+@)+_)

Mex 2 opening soon lo.

Lancao upto 36%

Later only 2-3%

Actually i wonder what Maju Holdings talking about. We have no more toll after PH won last year. So what toll Maju Holdings want to take over?

Highways should belong to govt, not private companies...

Toll abolition can be done, here's how & why
8 Oct 2019
https://forum.lowyat.net/topic/4848241

The son of the owner can finally say, jalan ini bapa saya punya.

Maju holding belongs to who ar? the real owner behind? not the proxy kind.../k very resourceful