Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) had accepted the revised offer from the Selangor Government for its water-related assets and operations. Kumpulan Perangsang Selangor Bhd, which owns 30% of SPLASH said that SPLASH was accepting the offer subject to several conditions.
The two companies would remain as the operations and maintenance (O&M) operators of Sungai Selangor Water Supply Scheme Phase 1 (SSP1) and Sungai Selangor Water Supply Scheme Phase 3 (SSP3) respectively upon the same terms and conditions as those signed between SPLASH and the operators in January 2000.
The offer price of RM2.97 billion was an estimate and would be finalised or adjusted upon completion of a due diligence exercise by the state government.
FBM KLCI - likely to move sideways range-bound
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Stocks on Bursa Malaysia ended lower on Friday with the benchmark FBMKLCI
finished the day on a softer note, reflecting the mixed sentiment in
regional...
9 hours ago
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