said its board of directors has deliberated and voted today to accept the government's offer to acquire four highway concession companies linked to the group.oard of Gamuda will make the appropriate announcements in due course after the going through the relevant due process with its respective associated companies and joint venture company," the company said in a filing with Bursa Malaysia today.
, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd , Kesas Sdn Bhd and Projek SMART Holdings Sdn Bhd. Gamuda owns a 44% stake in Litrak, a 52% stake in Sprint, a 70% stake in Kesas and a 50% stake in SMART. In a separate announcement, Gamuda said it made a net profit of RM176mil in teh third quarter ended April 30 on revenue of RM1.03bil.
Of course they Accept, they are to gain from the Stupid offer by Finance Minister BODO. Concession about to Expire anyway. Rakyat Suffers.
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Gamuda accepts MoF Inc offer to take over 4 toll concessionairesConstruction company announces decision in filing with Bursa Malaysia today. A total collapse of 90's Malaysia Inc. 90's privatisation spree was to free Govt of debt and management. Now Govt compensates a private entity for something the Govt should own and to manage it ? Taxpayers are screwed when it was privatised and screwed 2nd time on buyback Total collapse of 90's Malaysia Inc. privatisation spree to free Govt of debt and management. Now Govt compensates a private entity for something it initially own and to re-manage it again ? Taxpayers screwed when privatised and screwed 2nd time on buyback chedetofficial Gamuda would be an idiot if it doesn't accept the generous offer
Source: malaysiakini - 🏆 20. / 51 Read more »
Gamuda accepts MoF Inc offer to take over 4 toll concessionairesConstruction company announces decision in filing with Bursa Malaysia today. A total collapse of 90's Malaysia Inc. 90's privatisation spree was to free Govt of debt and management. Now Govt compensates a private entity for something the Govt should own and to manage it ? Taxpayers are screwed when it was privatised and screwed 2nd time on buyback Total collapse of 90's Malaysia Inc. privatisation spree to free Govt of debt and management. Now Govt compensates a private entity for something it initially own and to re-manage it again ? Taxpayers screwed when privatised and screwed 2nd time on buyback chedetofficial Gamuda would be an idiot if it doesn't accept the generous offer
Source: malaysiakini - 🏆 20. / 51 Read more »