KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd‘s (KPS) 20-per cent affiliate firm, System Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT Holdings), has accepted the conditional provide for the acquisition of the whole stake in System Penyuraian Trafik KL Barat Sdn Bhd (SPRINT).
KPS mentioned the written acceptance was delivered by SPRINT Holdings to Amanat Lebuhraya Rakyat Bhd (ALR) – the offeror – as we speak.
“SPRINT Holdings expects to start negotiations with ALR to finalize the phrases and situations of the definitive settlement for the proposed disposal and to execute the definitive settlement,” it mentioned in a inventory trade submitting to Bursa Malaysia.
KPS on April 4 introduced that SPRINT Holdings had obtained a letter of provide from ALR to accumulate the whole fairness curiosity of SPRINT for about RM1.81 billion.
ALR is a public restricted firm included underneath the Firms Act 2016 and has the mandate of the Malaysian authorities for the proposed restructuring of sure tolled freeway concessions. – Bernama