https://www.freemalaysiatoday.com/category/...t-bid-for-plus/

Tycoon Halim Saad makes biggest bid for PLUS



PETALING JAYA: Tycoon Halim Saad has made the highest bid to acquire the entire stake of Khazanah Nasional in highway concessionnaire PLUS Malaysia Berhad, according to reports citing a letter by the former boss of Renong Group which built the PLUS highway.

The Oct 11 letter addressed to Works Minister Baru Bian said Halim and prominent businessman Wong Gian Kui are making an offer of RM5.2 billion for Khazanah’s 51% stake.

“The new PMB will offer a 25% discount on toll rates. The concession period will remain the same and will end in December 2038,” Halim was quoted as saying in the letter.

The tycoon has confirmed making the bid to business daily The Malaysian Reserve.

Last week, Bumiputera construction giant Widad Business Group offered to buy PLUS Expressways Bhd concessionaires by taking over the 51% stake owned by Khazanah for a RM1.5 billion cash consideration, or 100% of the concessionaires owned by Khazanah and the Employees Provident Fund (EPF) for RM3 billion cash.

The group also promised to reduce toll rates between 25% and 40%.

The highways involved in the concessionaires of PLUS Expressways Bhd are PLUS Highway, Second Link Expressway, Penang Bridge, North South Expressway Central Link, Butterworth Kulim Expressway and Seremban-Port Dickson Highway.

Prime Minister Dr Mahathir Mohamad had said the government would study any proposal to acquire PLUS if it met the country’s demands.

It was reported that a Malaysian-led Hong Kong-based private equity firm, RRJ Capital, had also expressed interest in acquiring the company for RM3.5 billion.

I thought renong bankrupt already?

Kroni suda mali

good offer but hmm this guy not kroni and bankrupt sudah ke

khazanah geletek diri sendiri

can hold on to their promise????

Sumatec apa macam lol

Got on Mahathir good graces again?

Forgive for my ignorance, but why khazanah wants to dispose their share in PLUS again? And how would that benefits the rakyat?

What i am worried of these offers is that they want gomen to act as guarantor for PLUS debts. So if they failed, it is still the malaysian taxpayer footing the bill.

Najib rescued PLUS from crony.
Crony M went mad.
Now they are going to claim their rights.
M cronyism is back.
Facts.
Funny because I remember what anwar chanted and shouted during reformasi, he would rescue Malaysia from cronyism, neopatism etc..
It turned out, its just someone hungry for power. Pfft.

Siapa gomen sikarang. Ada tangan ajaib suruh khazanah juai semuaaa.

Why sell plus?????

How EPF will make money if they sold PLUS? So in future, low EPF dividend?

Deswai need him to takeover fast edi before PLUS become another casualty.

No one can go against Thanos la. 100% successful snap rate. Anwar, Pak Lah, bossmu, nobita, suneo all kena snapped or tamed by Thanos.

Sumatec also pn17 lingkup sudah
Share is 2 cent no worth also