Water takeover saga brewing in Johor
Khairul Khalid | 08 Dec 2017 00:30
Ranhill’s water operations in Johor makes up 75% of the group's total revenue

Two years after Selangor’s water restructuring that involved a problematic takeover of privatised assets and concessionaires, a similar situation could be developing in Johor.

Water supply services in the southern state are managed by Ranhill Holdings Bhd’s subsidiary SAJ Ranhill Sdn Bhd, but recent statements by a state assemblyman have raised the prospect of a Selangor-like takeover.

Although Ranhill has denied any intention of selling its water business, a source tells FocusM the state government has been mulling a possible takeover for a number of years.