Khazanah leaving talks on Putrajaya’s toll takeover to PLUS | Malay Mail

A view of the traffic on the PLUS Expressway near Sungai Buloh February 2, 2019. — Picture by Hari Anggara

“From our point of view, we understand part of the reasons is that the priority right now is that some of those highways basically, are perceived to be ones causing the public difficulties in the sense that they provide no alternatives. Khazanah and its subsidiary, UEM Group collectively hold 55.25 per cent of PLUS, of which 15.02 per cent has been pledged against exchangeable trust certificates issued by Khazanah. The Employees Provident Fund has a 12.03 per cent stake in PLUS.

“Moving forward... for Malaysia Airlines and all other companies that are under Khazanah, the primary responsibility for working out a viable strategy and a competitive strategy, should rest on the management and board of the companies.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Khazanah to leave tolled highway acquisition talks to PLUSKhazanah, which has a major stake in PLUS, says it understands why the government is proceeding to acquire some highways.
Source: fmtoday - 🏆 5. / 72 Read more »