Monday, January 17, 2011

PLUS acquisition saga

PLUS EXPRESSWAYS BERHAD acquisition saga to be ended soon after PLUS made an announcement to Bursa Malaysia today.

It was told that Jelas Ulung offer will not be considered by PLUS after there failed to comply with the conditions stated by PLUS on 21 December 2010.

With Jelas Ulung out of the race, the only sole bidder for the acquisition is UEM-EPF.

An EGM will be held soon.

PLUS closed at RM4.45, unchanged.

For more story on PLUS acquisition.

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