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Friday, October 18, 2019

Show the money, Kadir tells those eyeing PLUS

A Kadir Jasin says bidders for PLUS Malaysia Berhad should deposit RM500 million with the government.
PETALING JAYA: Dr Mahathir Mohamad’s media adviser A Kadir Jasin said those keen to buy PLUS Malaysia Berhad should prove their seriousness by coming up with half-a-billion ringgit to be deposited with the government.
Kadir said the money could be returned to them after Putrajaya decides on who will take over the highway concessionaire owned by Khazanah Nasional and the Employees Provident Fund.
“Talk, empty promises have no value. Show the government and the people the cash,” he said in a Facebook post.
Yesterday, it was reported that tycoon Halim Saad was the latest to join the race to take over the company, making a joint offer with businessman Wong Gian Kui to buy Khazanah’s 51% stake for RM5.2 billion.
This followed Bumiputera construction giant Widad Business Group, Malaysian-led Hong Kong-based private equity firm, RRJ Capital, and Maju Holdings Sdn Bhd who also confirmed they had made their offers.
The highways involved in the takeover are PLUS Highway, Second Link Expressway, Penang Bridge, North South Expressway Central Link, Butterworth Kulim Expressway and Seremban-Port Dickson Highway.
The government said it would study any proposal to acquire PLUS if it met the country’s demands and benefited motorists with lower toll rates. - FMT

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