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‘No intention to sell PLUS stakes for now’

Mimi Sabreena 9:20:00 AM Informasi

KUALA LUMPUR: UEM Group Bhd and the Employees Provident Fund (EPF) yesterday said they currently have no intention to sell their respective stakes in highway operator PLUS Malaysia Bhd to Maju Holdings Sdn Bhd.

In a joint statement, the two entities said they had received a non-binding letter of intent (LoI) from Evercore Asia Ltd on behalf of Maju Holdings, which indicated its intent to acquire the entire equity stake in PLUS.

The statement confirmed a report by The Edge Financial Daily yesterday that a bid was made by Maju Holdings for their stakes in PLUS.

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