5 billion cash consideration, or 100 percent of the concessionaires owned by Khazanah and the Employees Provident Fund for RM3 billion cash.
“In the event that Widad successfully takes over the concessionaires, the group will reduce the current toll charges by 25 percent to 40 percent. The group has also proposed to give a 50 percent discount for toll fares during festive seasons such as Hari Raya, Chinese New Year and Deepavali for as long as the Group deems reasonable.
Muhammad Ikmal is the founder and group leader of Widad Business Group, a corporate holding which provides jobs to more than 1,500 people throughout Malaysia. Earlier this week, Dr Mahathir said that the government would study any proposal to acquire Plus Malaysia Bhd if it met the country’s demands.
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