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KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) has reached an understanding with Kesas Holdings Bhd (Kesas), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint) and Lingkaran Trans Kota Holdings Bhd (Litrak) pertaining to warranty claims by ALR, said Gamuda Bhd.
KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) has requested an extension for the warranty claim period, which expired on Jan 31, 2023, from Kesas Holdings Bhd (Kesas), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint) and Lingkaran Trans Kota Holdings Bhd (Litrak), said Gamuda Bhd.
Amanat Lebuhraya Rakyat Bhd (ALR) has reached an understanding with Kesas Holdings Bhd (Kesas), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint) and Lingkaran Trans Kota Holdings Bhd (Litrak) pertaining to warranty claims by ALR, according to Gamuda Bhd.
KUALA LUMPUR: Gamuda Bhd announced that four concession holding companies have each separately accepted their respective conditional letter of offer for the proposed disposal of all the securities to Amanat Lebuhraya Rakyat Bhd (ALR) and delivered the written acceptances today.
KUALA LUMPUR: The acquisition of all the securities of four highway concession companies - KESAS, SPRINT, LITRAK and SMART, by Amanat Lebuhraya Rakyat Bhd (ALR) has been completed.
KUALA LUMPUR: The acquisition of all the securities of four highway concession companies – Kesas, Sprint, Litrak and Smart – by Amanat Lebuhraya Rakyat Bhd (ALR) has been completed.
KUALA LUMPUR: The trading of Lingkaran Trans Kota Holdings Bhd (LITRAK) and Gamuda Bhd securities has been suspended after the two companies received conditional letters of offer from Amanat Lebuhraya Rakyat Bhd (ALR), with ALR offering to acquire all the securities of four highway concession companies - KESAS, SPRINT, LITRAK, and SMART.
KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd's (ALR) shareholders will not be entitled to dividends, and thus, would be able to accelerate the full repayment of debt financing and return the highway concessions to the government in a timely manner, according to a statement from ALR.
KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) has successfully priced RM5.5bil in nominal value AAA-rated Sustainability Sukuk Murabahah on Sept 23, 2022.
KUALA LUMPUR: Shares in Lingkaran Trans Kota Holdings Bhd (Litrak) surged 53 sen or 13.15% to RM4.58 apiece at market open today on news it had received an offer from Amanat Lebuhraya Rakyat Bhd (ALR) for its stakes in SPRINT and LItrak.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd’s (KPS) 20-per cent associate company, System Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT Holdings), has accepted the conditional offer for the acquisition of the entire stake in System Penyuraian Traffik KL Barat Sdn Bhd (SPRINT).
KUALA LUMPUR: Amanat Lebuhraya Rakyat Bhd (ALR) and the four expressway concession companies which received its offer letters have finalised the terms and conditions of the draft share sale and purchase agreement, Gamuda said.
PETALING JAYA: Kumpulan Perangsang Selangor Bhd’s (KPS) 20% associate company, System Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint Holdings), has accepted the conditional offer for the acquisition of the entire stake in System Penyuraian Traffik KL Barat Sdn Bhd (Sprint).
HIGHWAY users can now do their bit for charity when using their debit cards to pay toll fares on four highways in the Klang Valley.
THE current toll rates for all four highways managed by Amanat Lebuhraya Rakyat (ALR) will be maintained until the end of each of their concession periods, says its group chief executive officer Sazally Saidi.
TOLL concessionaires came to focus this week as Amanat Lebuhraya Rakyat Bhd (ALR) extended a conditional offer to acquire four urban toll highways in what was seen as a win-win-win situation for all concerned.
KUALA LUMPUR: Gamuda Bhd today said that Amanat Lebuhraya Rakyat Bhd (ALR) and the four expressway concession companies have agreed to extend the Definitive Agreement Execution Date from July 31, 2022 to Aug 30, 2022.
KUALA LUMPUR: Gamuda Bhd announced that the shares sales purchase agreements (SSPAs) of four expressway concession companies were successfully executed with Amanat Lebuhraya Rakyat (ALR).
PUTRAJAYA: The government will save RM4.3bil in a takeover of four major highway concessions, says Datuk Seri Fadillah Yusof.
PUTRAJAYA: The government will avoid having to pay highway concession companies about RM6bil, with a possibility of changes to the concession periods, following the latest takeover and restructuring of the agreements.
