Market talk was that the consolidation between the two players (KPS & Puncak Niaga) could be concluded by year-end. Kumpulan Darul Ehsan Bhd (KDEB), the investment arm of the Selangor state government, has 60% equity in KPS.
As part of a consolidation exercise, KDEB has been looking to either buy over Puncak Niaga or its assets, (70% unit Syarikat Bekalan Air Selangor Sdn Bhd or Syabas) and 82.5% subsidiary Puncak Niaga Holdings (M) Sdn Bhd), and has had meetings with Rozali towards this end, with no real outcome.
UOA Development: Record 1Q new sales (CIMB)
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UOA Development
Current RM1.57
Target RM1.84
Record 1Q new sales
Much stronger future quarters should make up for the shortfall in 1Q, which
we regard as b...
41 seconds ago
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