KUALA LUMPUR: Shares in Lingkaran Trans Kota Holdings Bhd (Litrak) surged 53 sen or 13.15% to RM4.58 apiece at market open in the present day on information it had acquired a suggestion from Amanat Lebuhraya Rakyat Bhd (ALR) for its stakes in SPRINT and LItrak.
As at 9.30am, the share worth had eased to RM4.37 a share with 1.25 million models exchanging palms.
Shares in Litrak, alongside Gamuda Bhd
and Kumpulan Perangsang Selangor Bhd (KPS) have been suspended for buying and selling yesterday in mild of developments pertaining to the federal government’s restructuring of freeway concession corporations within the Klang Valley.
These corporations comprise Kesas Sdn Bhd, which manages Shah Alam Expressway (Kesas); Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd which manages Stormwater Administration and Highway Tunnel (SMART); Sistem Penyuraian Trafik KL Barat Sdn Bhd which manages the Western Kuala Lumpur Site visitors Dispersal Scheme (SPRINT), and Lingkaran Trans Kota Sdn Bhd which manages the Damansara-Puchong Expressway (LDP).
In a bourse submitting yesterday, Gamuda introduced that it had acquired a suggestion from ALR for its stake in Lingkaran Trans Kota Sdn Bhd, Sistem Penyuraian Trafik KL Barat Sdn Bhd and Projek Sensible Holdings Sdn Bhd.
Concomitantly, KPS stated in a separate submitting that its 20% affiliate firm System Penyuraian Trafik KL Barat Holdings Sdn Bhd acquired a suggestion from ALR for its curiosity in SPRINT.
Equally, Litrak introduced that it had acquired ALR’s supply for its stakes in SPRINT and Litrak.