Tuesday, January 18, 2011

KPS ... Jan11

Kumpulan Perangsang Selangor Bhd (KPS) has received the conditional offer by Menteri Besar Selangor Inc (MBI) to acquire all the voting shares in Konsortium Abass Sdn Bhd (Abass) for RM9.39 per share.

KPS received the offer from its 55% owned subsidiary Titisan Modal Sdn Bhd which in turn owns 100% of Abass.

KPS also said has received MBI’s offer to acquire all voting shares in its 30% owned associate company Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) at cash offer price of RM5.95.

KPS’ announcements did not state the total value of the state government offers for Abass and Splash KPS said its board will review the MBI offers and would update Bursa Malaysia in due course.

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