KUALA LUMPUR: CIMB Equities Research expects Puncak Niaga's share price to rally after announcing it accepted a RM1.6bil cash takeover offer for its two water concession assets.
The research house said on Wednesday the timing of the news was a slight surprise but it was overall positive given Puncak's past rejections of the offer from the Selangor government.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
