Cabinet requests for re-tabling of PLUS takeover details

Cabinet requests for re-tabling of PLUS takeover details

Five parties are bidding to buy the country’s largest highway operator.

Khazanah Nasional currently owns 51% in PLUS Malaysia.
KUALA LUMPUR:
The Cabinet has requested for a re-tabling of the details on the takeover bid of highway concessionaire PLUS Malaysia Bhd, said Works Minister Baru Bian.

He said Prime Minister Dr Mahathir Mohamad wanted a proper review before a decision can be made.

“But there’s no timeframe mentioned,” Baru told the press last night.

He said to-date, the government has received five offers for the country’s largest highway operator.

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