KUALA LUMPUR: Gamuda Bhd says it is unaware of any plans by its substantial shareholders, with the help of Middle Eastern funds, to take it private.

In a reply to a Bursa Malaysia Securities query Tuesday, the infrastructure company said it “has no knowledge and has not been notified of any change in the substantial shareholders of the company”.

“We will make the appropriate announcement in accordance with the Listing Requirements in the event that there is any corporate exercise or change in substantial shareholder,” it said.

Gamuda’s share price had bucked the weaker broader market over the past two days following a news report that there were plans by several groups of investors to take it private.

Gamuda’s share price closed three sen higher to RM2.50 in very active trade while the KL Composite Index closed 6.01 points lower to 1,121.25.

On Monday, its share price jumped 20 sen to RM2.47 in active trade also.