Halim Saad & partner to buy PLUS?, now raising bid by 30%
|
|
 Dec 9 2019, 10:42 AM, updated 6y ago
Show posts by this member only | Post
#1
|
 
Junior Member
213 posts Joined: Dec 2008  
|
KUALA LUMPUR, Dec 8 — Tan Sri Halim Saad and a partner are now the frontrunners to buy over highway concessionaire PLUS Malaysia Berhad after the two upped their previous offer by over a third, according to business weekly The Edge.
https://www.malaymail.com/news/malaysia/201...by-30pc/1817205 This post has been edited by arcadicus: Dec 9 2019, 10:53 AM |
|
|
Dec 9 2019, 10:44 AM
Show posts by this member only | IPv6 | Post
#2
|
Junior Member
10 posts Joined: Aug 2019
|
Hahaha one by one big assets and projects taken by cronies.
|
|
|
Dec 9 2019, 10:44 AM
Show posts by this member only | IPv6 | Post
#3
|
Senior Member
1,099 posts Joined: Jan 2019
|
I thought khazanah dont want to sell?
|
|
|
Dec 9 2019, 10:46 AM
Show posts by this member only | Post
#4
|
Senior Member
1,365 posts Joined: Aug 2005 
|
any benefit sell to private ah
|
|
|
Dec 9 2019, 10:50 AM
Show posts by this member only | Post
#5
|
Junior Member
608 posts Joined: Jul 2009
|
our epf will get low dividend
|
|
|
Dec 9 2019, 10:51 AM
Show posts by this member only | Post
#6
|
Senior Member
9,041 posts Joined: Jan 2003
|
Cronies and Thanos tiada perpisahan.
|
|
|
Dec 9 2019, 10:53 AM
Show posts by this member only | Post
#7
|
|
Senior Member
1,365 posts Joined: Aug 2005
|
new malaysia they said
|
|
|
Dec 9 2019, 10:58 AM
Show posts by this member only | Post
#8
|
|
Junior Member
213 posts Joined: Dec 2008
|
FGV to SM??
PLUS to HS?? |
|
|
Dec 9 2019, 11:01 AM
Show posts by this member only | Post
#9
|
Junior Member
177 posts Joined: Jul 2013
|
gonna lost next GE. so better hurry.
|
|
|
Dec 9 2019, 11:02 AM
|
Senior Member
960 posts Joined: Mar 2013 
|
bring back your sumatec alive first before talking about plus
 |
|
|
Dec 9 2019, 11:03 AM
|
All Stars
21,962 posts Joined: Dec 2004 From: KL
|
If i got money i also will buy. this is one of the sure-earn businesses in MY.
Because? If u dont get enough toll collection for that year u can claim from gomen. |
|
|
Dec 9 2019, 11:06 AM
Show posts by this member only | IPv6 | Post
#12
|
Newbie
10 posts Joined: Jun 2017
|
What is the point in selling to a local party? There is no new funds coming into the country.
|
|
|
Dec 9 2019, 11:07 AM
Show posts by this member only | IPv6 | Post
#13
|
Junior Member
86 posts Joined: Mar 2013
|
Just divide and park the highway into local JKR. No need toll anymore.
|
|
|
Dec 9 2019, 11:08 AM
|
|
Junior Member
21 posts Joined: Dec 2008
|
QUOTE(Henry T @ Dec 9 2019, 11:06 AM) What is the point in selling to a local party? There is no new funds coming into the country. Still don't know how ex-PM4 works meh? |
|
|
Dec 9 2019, 11:08 AM
|
Senior Member
3,806 posts Joined: Feb 2012
|
QUOTE(Dyson Jin @ Dec 9 2019, 11:02 AM) bring back your sumatec alive first before talking about plus This one?QUOTE It is not surprising that after several false starts, minority shareholders and potential investors are still not fully convinced Sumatec Resources Bhd’s Rakushechnoye oil and gas (O&G) field venture in West Kazakhstan is the real deal. Sumatec’s largest shareholder Tan Sri Halim Saad has a tough task convincing minority shareholders they will finally see the company making steady profits, six years after the deal was first proposed. Sumatec languished in PN17 status from May 2011 to September 2014... http://www.focusmalaysia.my/Mainstream/hal...matec-s-fortune |
|
|
Dec 9 2019, 11:08 AM
Show posts by this member only | IPv6 | Post
#16
|
Senior Member
1,178 posts Joined: Aug 2014
|
Cukurlah, his cronies can rob 1 more round before he
|
|
|
Dec 9 2019, 11:10 AM
|
Junior Member
452 posts Joined: Jul 2019
|
QUOTE(ohman @ Dec 9 2019, 11:08 AM) Cukurlah, his cronies can rob 1 more round before he before he... kong? |
|
|
Dec 9 2019, 11:11 AM
Show posts by this member only | IPv6 | Post
#18
|
|
Newbie
10 posts Joined: Jun 2017
|
QUOTE(drowning @ Dec 9 2019, 11:07 AM) Just divide and park the highway into local JKR. No need toll anymore. It would still end up with the Government owning it. That's not what they want. They want to cuci tangan by selling to a private entity. |
|
|
Dec 9 2019, 11:12 AM
|
Newbie
14 posts Joined: Oct 2014 From: Bandar Damai dan Indah
|
well well well
|
|
|
Dec 9 2019, 11:13 AM
|
|
Newbie
8 posts Joined: Sep 2017
|
Kenape nak jual? What rakyat get in return?
|
|
|
Dec 9 2019, 11:13 AM
|
|
Senior Member
8,651 posts Joined: Sep 2005 From: lolyat
|
Halim Saad was the boss for Renong who control PLUS in the past, after asia financial crisis has to ask for bail out from government, he got money to buy PLUS meh, talk kok sing song ada lah.
|
|
|
Dec 9 2019, 11:15 AM
Show posts by this member only | IPv6 | Post
#22
|
|
Newbie
10 posts Joined: Jun 2017
|
QUOTE(yhtan @ Dec 9 2019, 11:13 AM) Halim Saad was the boss for Renong who control PLUS in the past, after asia financial crisis has to ask for bail out from government, he got money to buy PLUS meh, talk kok sing song ada lah. If he can somehow convince the bankers. You see, these people don't do business with their own money.  |
|
|
Dec 9 2019, 11:17 AM
Show posts by this member only | IPv6 | Post
#23
|
|
Senior Member
1,178 posts Joined: Aug 2014
|
QUOTE(diamlah @ Dec 9 2019, 11:13 AM) Kenape nak jual? What rakyat get in return? You get to continue paying more tolls |
|
|
Dec 9 2019, 11:17 AM
Show posts by this member only | IPv6 | Post
#24
|
|
Senior Member
1,178 posts Joined: Aug 2014
|
QUOTE(Jescon @ Dec 9 2019, 11:10 AM) before he... kong? Racing against the clock now |
|
|
Dec 9 2019, 11:19 AM
Show posts by this member only | IPv6 | Post
#25
|
Junior Member
181 posts Joined: Mar 2009 From: Pengu world
|
Become a politician, sell strategic asset to the crony>profitable = keep the asset + let the crony become a ceo with big fat salary
> not profitable = sell the asset back to government/ glc with higher price so the crony can gain some(i meant a lot). E.g: air selangor. Rakyat? Who cares... they just spending the government money. The only thing good about bijan is, he brings back most of the mamak cronies related companies to the government. Truth hurt macai.. |
|
|
Dec 9 2019, 11:23 AM
|
|
Newbie
25 posts Joined: Oct 2018
|
QUOTE(wadepak @ Dec 9 2019, 10:44 AM) Hahaha one by one big assets and projects taken by cronies. whoever disagree (LGE), the party got attacked with nonsense issues (DAP) |
|
|
Dec 9 2019, 11:24 AM
|
Junior Member
91 posts Joined: Oct 2019
|
QUOTE(arcadicus @ Dec 9 2019, 10:42 AM) KUALA LUMPUR, Dec 8 — Tan Sri Halim Saad and a partner are now the frontrunners to buy over highway concessionaire PLUS Malaysia Berhad after the two upped their previous offer by over a third, according to business weekly The Edge. What's the logic...buy LDP, but sell PLUS???https://www.malaymail.com/news/malaysia/201...by-30pc/1817205 LPPL ni. |
|
|
Dec 9 2019, 11:27 AM
Show posts by this member only | IPv6 | Post
#28
|
Junior Member
72 posts Joined: Jul 2012 From: Eastern Kingdom
|
This one i really cannot understand
|
|
|
Dec 9 2019, 11:27 AM
Show posts by this member only | IPv6 | Post
#29
|
Newbie
1 posts Joined: Oct 2014 From: bolehland 😊
|
Hmmmm.......not long ago......
  inb4.....oh why........   |
|
|
Dec 9 2019, 11:27 AM
|
Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK
|
Renong
Sumatec lets see the track record..hmm...owai- |
|
|
Dec 9 2019, 11:40 AM
|
|
Senior Member
8,651 posts Joined: Sep 2005 From: lolyat
|
QUOTE(Henry T @ Dec 9 2019, 11:15 AM) If he can somehow convince the bankers. You see, these people don't do business with their own money. Halim Saad able to convince banker, joking man. The shareholders of PLUS which is Khazanah and EPF has better credit profile than this Halim Saad, all this news pop out is to spin off cash cow business to its crony. QUOTE(xtrabite @ Dec 9 2019, 11:19 AM) Become a politician, sell strategic asset to the crony>profitable = keep the asset + let the crony become a ceo with big fat salary 2x5 5x2 jer> not profitable = sell the asset back to government/ glc with higher price so the crony can gain some(i meant a lot). E.g: air selangor. Rakyat? Who cares... they just spending the government money. The only thing good about bijan is, he brings back most of the mamak cronies related companies to the government. Truth hurt macai.. Under Bijan hand, PLUS was privatize and most of profit channel back to government and EPF holder, that arrangement is good for everyone. Now spin to private sector, government might not have any say on the toll charges. |
|
|
Dec 9 2019, 11:43 AM
|
|
Senior Member
1,365 posts Joined: Aug 2005
|
ph macai semua diam
|
|
|
Dec 9 2019, 11:47 AM
Show posts by this member only | IPv6 | Post
#33
|
Junior Member
23 posts Joined: Mar 2006 From: East Coast of Cuba.
|
QUOTE(JoeK @ Dec 9 2019, 10:44 AM) I thought khazanah dont want to sell? With order by the high table. Everything can be sold. |
|
|
Dec 9 2019, 11:56 AM
|
|
Newbie
8 posts Joined: Sep 2017
|
QUOTE(ohman @ Dec 9 2019, 11:17 AM) You get to continue paying more tolls Ahhh babi betul |
|
|
Dec 9 2019, 12:06 PM
|
|
Junior Member
213 posts Joined: Dec 2008
|
QUOTE(ohman @ Dec 9 2019, 11:17 AM) You get to continue paying more tolls pluslower epf divy??? |
|
|
Dec 9 2019, 12:09 PM
|
|
Senior Member
960 posts Joined: Mar 2013
|
QUOTE(river.sand @ Dec 9 2019, 11:08 AM) yea srkg suspended jor this share..cuz pn17 |
|
|
Dec 9 2019, 12:11 PM
|
Junior Member
460 posts Joined: Oct 2008
|
QUOTE(drowning @ Dec 9 2019, 11:07 AM) Just divide and park the highway into local JKR. No need toll anymore. No toll but potholes everywhere.GG  |
|
|
Dec 9 2019, 12:11 PM
|
|
Junior Member
2 posts Joined: Oct 2019
|
Plus Tol naik, next!
|
|
|
Dec 9 2019, 12:13 PM
|
|
Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK
|
QUOTE(Randomization @ Dec 9 2019, 12:11 PM) No toll but potholes everywhere. MRR2 and FederalGG best examples of top notch JKR maintenance |
|
|
Dec 9 2019, 12:22 PM
|
|
Junior Member
460 posts Joined: Oct 2008
|
QUOTE(teehk_tee @ Dec 9 2019, 12:13 PM) MRR2 and Federal Not questioning the work. Just a matter of budget.best examples of top notch JKR maintenance No toll and expect gov to increase their budget for maintenance? |
|
|
Dec 9 2019, 12:27 PM
|
Junior Member
51 posts Joined: Jan 2003 From: KL
|
squeeze every drop left
doesnt matter sepenggal or not..\ die |
|
|
Dec 9 2019, 12:33 PM
|
|
Senior Member
5,363 posts Joined: Apr 2005 From: กรุงเทพมหานคร BKK
|
QUOTE(Randomization @ Dec 9 2019, 12:22 PM) Not questioning the work. Just a matter of budget. maintenance bukan budaya kitaNo toll and expect gov to increase their budget for maintenance? look at our water pipes, our electric substations, our roads |
|
|
Dec 9 2019, 12:34 PM
|
Senior Member
954 posts Joined: Dec 2006
|
He's really the master of creating strife among his rivals and playing everyone out.
Anwar should make his peace with Azmin and then kick out the old fucker. Unfortunately, PKR is splintered, DAP is the new MCA, and Amanah are a bunch of jokers. PAS doesn't care and rather support him and UMNO has always had their cronies. No eye see. |
|
|
Dec 9 2019, 02:45 PM
|
|
Junior Member
213 posts Joined: Dec 2008
|
fuhhh.... but rakyat still pay tolls?
|
|
|
Dec 9 2019, 03:30 PM
Show posts by this member only | IPv6 | Post
#45
|
|
Junior Member
21 posts Joined: Mar 2019
|
If any of u read any news regarding the proposals to takeover PLUS, they all share many things. They all pledged to reduce toll charges n they will cancel the compensation gomen have to pay in lieu of toll increase. Which is good. They also wants longer consession, which is understandable. The one that worries me that all of them wants gomen to guarantee PLUS debts. If Plus goes bankrupt under their management, it's our taxpayer money gonna be used to bail them out.
This post has been edited by Chekusan2019: Dec 9 2019, 03:33 PM |
|
|
Dec 9 2019, 03:34 PM
|
|
Senior Member
1,365 posts Joined: Aug 2005
|
QUOTE(Chekusan2019 @ Dec 9 2019, 03:30 PM) If any of u read any news regarding the proposals to takeover PLUS, they all share many things. They all pledged to reduce toll charges n they will cancel the compensation gomen have to pay in lieu of toll increase. Which is good. They also wants longer consession, which is understandable. The one that worries me that all of them wants gomen to guarantee PLUS debts. If Plus goes bankrupt under their management, it's our taxpayer money gonna be used to bail them out. no business man will do rugi business / or rugi investment  |
|
|
Dec 9 2019, 03:41 PM
Show posts by this member only | IPv6 | Post
#47
|
|
Newbie
25 posts Joined: Oct 2018
|
QUOTE(Chekusan2019 @ Dec 9 2019, 03:30 PM) If any of u read any news regarding the proposals to takeover PLUS, they all share many things. They all pledged to reduce toll charges n they will cancel the compensation gomen have to pay in lieu of toll increase. Which is good. They also wants longer consession, which is understandable. The one that worries me that all of them wants gomen to guarantee PLUS debts. If Plus goes bankrupt under their management, it's our taxpayer money gonna be used to bail them out. maybe after buy it, get big loan put it as collateral... easy money enjoice again lolz |
| Bump Topic Add ReplyOptions New Topic |
| Change to: |  0.0245sec
 0.36
 5 queries
 GZIP Disabled
Time is now: 3rd December 2025 - 10:42 PM |
Quote