Those humbug, crony offers for valuable Plus

P Gunasegaram

Modified 14 Oct 2019, 10:51 pm

A QUESTION OF BUSINESS | Like bees to a honey pot, suitors are circling Plus Malaysia Bhd, the holding company of an array of toll road concessions, indicating there is much in this company which is valued at over RM30 billion in terms of assets.

On top of that large amount of assets, there is intrigue swirling around the suitors which has given rise to various stories and speculations. One of them is Maju Holdings’ Abu Sahid Mohamed, known to be close to the prime minister.

The other involves Hong Kong private equity firm RRJ Capital owned by the Ong brothers of Malaysia - Richard and Charles - one of whom has done deals before with the PM’s close buddy, associate, and prime advisor Daim Zainuddin as well as with Temasek Holdings, Singapore’s sovereign wealth fund.

To assess the kind of clout that Abu Sahid has, consider this...

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