Puncak Niaga Holdings Bhd executive chairman Tan Sri Rozali Ismail
PETALING JAYA: Puncak Niaga Holdings Bhd
founder and executive chairman Tan Sri Rozali Ismail’s 41.3% stake in the company is valued at about RM484.2mil, based on the net proceeds of RM1.56bil it is set to receive from the Selangor water restructuring exercise.
RHB Research analyst Kong Heng Siong estimated Puncak Niaga was set to receive net proceeds of RM1.56bil, which translates to RM3.78 per share, or a 26.8% premium to the May 16 closing price of RM2.98 before the announcement that the company had already given the nod for the takeover.
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