Maju makes fresh bid for Plus, promises debt write-off and further toll reduction

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Maju Holdings Sdn Bhd has sweetened its takeover deal by offering a 36 percent toll reduction in its amended proposal to take over Plus Malaysia Bhd.

"The company proposes to fully bear the costs of the toll reduction and will not seek compensation from the government," it said in a statement today.

“With this latest offer that we have submitted to the government, existing shareholders of Plus will benefit from an estimated total equity internal rate of return of approximately 16 percent."

 

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