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Maju insists PLUS bid still on the cards
Khairul Khalid | 01 Dec 2017 00:30
Maju Holdings' offer to buy PLUS Highway includes freezing toll hikes for the next 20 years

Despite statements by the government to the contrary, Maju Holdings Sdn Bhd says its bid to acquire PLUS Malaysia Bhd is not completely dead in the water.

Although the controversial proposal worth RM36 bil was said to be rejected by the government, the company tells FocusM it has not received any official response from PLUS’ shareholders two months after making its initial proposal.

During a parliamentary session in October, Prime Minister and Finance Minister Datuk Seri Najib Razak said in a written reply that the government had no plans to sell its stake in PLUS, the country’s biggest highway concessionaire, to Maju Holdings.