Ekovest S Lim Explores Sale Of Toll Roads For Rm5bil


 
Majority shareholder Lim Kang Hoo’s Ekovest Bhd owns 60% of Konsortium Lebuhraya Utara-Timur, with the remaining stake held by EPF. (IWCITY web pic)
KUALA LUMPUR: Malaysian tycoon Lim Kang Hoo is exploring selling his toll road business in a deal that could value the assets at as much as RM5 billion (US$1.1 billion), according to people with knowledge of the matter.
Lim, the biggest shareholder of Kuala Lumpur-listed Ekovest Bhd, is working with a financial adviser on the potential divestment of a majority holding in closely held Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd, also known as Kesturi, said the people, asking not to be named as the process is private.
“The assets may attract interest from other industry players,” the people said.
Shares of Malaysian investment company Ekovest reversed earlier losses and jumped as much as 10.8%, the biggest intraday gain since January, after the Bloomberg News report.
The stock has fallen 19% this year, giving it a market value of RM1.2 billion.
Ekovest owns 60% of Kesturi, while the remaining balance is held by EPF, the state-owned pension fund.
“Deliberations are ongoing and Ekovest could still keep the assets,” the people said.
Representatives for Lim, Ekovest and Kesturi declined to comment.
Kesturi owns the concession for the Duta-Ulu Klang Expressway, which has three toll roads totaling 56km, one of the people said.
Ekovest has approval from EPF to extend an exit plan for Kesturi to February 2026 and the parties are evaluating various viable options, according to a stock exchange filing. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/11/ekovests-lim-explores-sale-of-toll.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
11 11 Huawei Mega Sale Brings Exclusive Tech Deals For Malaysians

11 11 Huawei Mega Sale Brings Exclusive Tech Deals For Malaysians

papar berkaitan - pada 9/11/2024 - jumlah : 478 hits
Get ready for the 11 11 Huawei Mega Sale with up to RM900 exclusive discounts KUALA LUMPUR 8 NOVEMBER 2024 Get ready Malaysia The 11 11 Huawei Mega Sale is set to deliver incredible deals through the exclusive 11 11 Huawei Mega Sale deals o...
Zahid Criticises Pac For Failing To Get Accurate Info On Semarak20 Sale

Zahid Criticises Pac For Failing To Get Accurate Info On Semarak20 Sale

papar berkaitan - pada 8/11/2024 - jumlah : 397 hits
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi today reprimanded the Public Accounts Committee for failing to gather accurate information regarding the sale of the Semarak20 commercial building on Jalan Semarak Kuala Lumpur which is...
Man Fined Rm100 For Insulting Behaviour Scolding Toll Clerk

Man Fined Rm100 For Insulting Behaviour Scolding Toll Clerk

papar berkaitan - pada 8/11/2024 - jumlah : 226 hits
In the incident last Sunday Abdul Rahim Ramlan was seen getting out of his car scolding a toll clerk and kicking the wall of the toll booth before driving off KAJANG A mechanic was today slapped with a maximum RM100 fine by the magistrates ...
15 Stylish Mid Century Modern Home Office Ideas For Timeless Elegance

15 Stylish Mid Century Modern Home Office Ideas For Timeless Elegance

papar berkaitan - pada 4/11/2024 - jumlah : 850 hits
In today s fast paced world creating a home office that balances functionality and style is essential Midcentury design with its clean lines organic shapes and rich materials offers an ideal aesthetic for a timeless and sophisticated The po...
Maxis To Find Out Why It Was Snubbed For Second 5g Network

Maxis To Find Out Why It Was Snubbed For Second 5g Network

papar berkaitan - pada 4/11/2024 - jumlah : 369 hits
Maxis ranked as Malaysia s second largest mobile operator had been reported in August to be in the driving seat to lead the second 5G rollout whose chairman is tycoon Vincent Tan was selected following detailed deliberations on the technica...
Using Predictive Analytics To Enhance Forex Market Timing For Malaysian Traders

Using Predictive Analytics To Enhance Forex Market Timing For Malaysian Traders

papar berkaitan - pada 4/11/2024 - jumlah : 472 hits
In the ever evolving world of Malaysian traders are increasingly adopting cutting edge technologies to gain a competitive edge One of the most impactful innovations in recent years is the use of predictive analytics to refine market timing ...
Peak Performance Cycling For The Fitness Obsessed

Peak Performance Cycling For The Fitness Obsessed

papar berkaitan - pada 3/11/2024 - jumlah : 302 hits
In this day and age where health and convenience go hand in hand having a personal exercise bike isn t just an exercise tool It s an essential tool to maintain your health and well being no matter how busy you may be Exercise bikes are avai...
The Traffic School That Works Around Your Life Not The Other Way Around

Travel Tips To Bali From Malaysia Don T Buy Your Ticket To Bali Without This Guide

Kesan Buruk Disebabkan Ikan Tilapia Hitam

Kerajaan Pahang Meluluskan Peruntukan Sebanyak Rm500 000 Baik Pulih Rumah Tok Batin Di Seluruh Negeri Ini

Hiburan Tular Video Wanita Halau Jemaah Lelaki Dari Surau Ahli Jawatankuasa Tampil Beri Penjelasan Si Perakam Bukan Ajk

Ets Diselenggara Secara Berkala

The Italian Job A 1974 Harley Davidson Sx250 Flat Tracker By Fuchs

Tanda Bacaan Gula Dalam Darah Tidak Normal Ambil Tahu Elak Diabetes


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Wekongsi Perlindungan Perubatan Rm1 Juta Sebulan Bawah Rm50 Sahaja

Pelancaran Aji Ya Sup Gourmet Segera Halal Pertama Malaysia Di Soup Erlicious Party

Aisha Retno Tak Adil Chord

Brisia Jodie Kisah Baru Orang Lama Chord

Sabtu Cari Makan Di Bandar Keningau

Just Because