On June 26,2020, Ranhill had submitted a proposal for the restructuring of IWK that will involve, among others, the disposal by MOF Inc of its interest in IWK to the company.
KUALA LUMPUR: Ranhill Utilities Bhd
will undertake a due diligence exercise on Indah Water Konsortium Sdn Bhd (IWK) for the proposed disposal of the Finance Ministry’s stake in the wastewater and sanitisation company.
The group said in a filing with Bursa Malaysia yesterday that it had received a letter from Minister of Finance, Inc (MoF Inc) inviting it to undertake the exercise before finalising its restructuring proposal.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
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!
