Litrak, Sprint, Kesas accept govt offer


Concurrently, Litrak said the board of its associate company, Sprint(pic), had also deliberated on the offer and unanimously found it

PETALING JAYA: Lingkaran Trans Kota Holdings Bhd (Litrak), Sistem Penyuraian Trafik KL Barat Sdn Bhd (Sprint) and Kesas Sdn Bhd are in favour of the government’s proposed takeover offer for their toll concessionaires.

In its filing with Bursa Malaysia, Litrak said its board had yesterday deliberated on the proposed offer and unanimously found it to be “fair and reasonable”.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Litrak , Sprint , Kesas , highways , government , takeover , offer , accept ,

   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read