WBG offers to buy PLUS for RM3 bln

10.10.2019

WBG offers to buy PLUS for RM3 bln

The takeover proposal was submitted to Prime Minister Dr Mahathir Mohamad, the Works Ministry and Ministry of Economic Affairs on Oct 9, the integrated facility management and construction conglomerate said in a statement today.

“This is in line with the government’s manifesto to reduce the burden of the people, which we fully support. We also intend to help the government by waiving the outstanding compensation of the government to Plus worth RM338.5 million as of Dec 31, 2018,” executive chairman, Muhammad Ikmal Opat Abdullah said.

Muhammad Ikmal also said the group would refurbish highway rest-stops and implement artificial intelligence technology to improve highway and traffic management, with the additional promise of not retrenching staff for at least five years after the takeover.

WBG was incorporated in 2002, to fulfill the growing needs for bumiputera contractors of calibre to serve the country’s rapid economic growth and development.

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

Khazanah owns 51 percent of Plus and the EPF, 49 percent. This followed a takeover in 2011, in a transaction valued at RM32 billion.

Read more: malaysiakini.com

WBG tawar RM3 bilion untuk beli PLUSWIDAD Business Group (WBG) membuat penawaran untuk membeli konsesi PLUS Expressways Bhd dengan mengambil alih 51 peratus kepentingan milik Khazanah Nasional Bhd membabitkan pertimbangan tunai sebanyak RM1.5 bilion, atau 100 peratus konsesi milik Khazanah dan Kumpulan Wang Simpanan Pekerja (KWSP) pada pertimbangan tunai sebanyak RM3 bilion.

Gergasi binaan tawar RM3 bilion ambil alih PLUS, janji turunkan caj tolWidad Business Group berjanji akan mengurangkan caj tol sebanyak 25 hingga 40 peratus, jika ia berjaya mengambil alih 51 peratus saham Khazanah Nasional Bhd dalam PLUS. FMTNews Manifesto kata hapus tol. Jangan nak pandai goreng pulak 🙄 Turun lepas 6bulan Kasi Naik kaw kaw....nam WOOII PUNDE HANDS OFF PLUS!

Construction giant offers RM3 bil for PLUS, dangles reduced toll ratesWidad Business Group among others says it will refurbish the highways and implement artificial intelligence technology. FMTNews

Maju offers to absorb RM2.7 bil toll compensation in PLUS takeoverMaju Holdings is also proposing to reduce toll fares by up to 36%. FMTNews If Maju holdings can do why not Gov abolish all tolls pakatanharapan_ Kudos PH. Keep the good things coming. Report these good news widely to let more people know. But still got toll at reduced rate. We want to abolish it..once and for all

Maju Holdings kemuka cadangan baru beli PLUS, tawar kurang tol 36%Maju Holdings mengulangi komitmen bahawa kerajaan boleh menjimatkan RM2.7 bilion berdasarkan fakta bahawa ia akan menyerap pampasan RM2.7 bilion. FMTNews jgn pandai2 buat calculation sendiri. kena tunggu tonypua validate kira2 kamu dulu. tunggu dia keluar dari gua kejap. Dulu dapat lebuhraya klia tapi dijual. Tinggal nama aja. Sekarang nak yang lagi besar pulak. Track record tu pun kena ambil kira juga. Bukan tak pernah dapat peluang. Usah bagi alasan keputusan perniagaan. Tak payah lah kalau Maju Holdings

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

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