KPS’ associate receives offer from ALR to acquire entire stake in sprint for RM1.81b | Malay Mail

📆 4/4/2022 9:13 PM
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KUALA LUMPUR, April 4 — Kumpulan Perangsang Selangor Bhd’s (KPS) associate company System Penyuraian Traffik KL Barat Holdings Sdn Bhd (Sprint) has received a letter of offer from Amanat Lebuhraya Rakyat Bhd (ALR) to acquire the entire equity interest of Sprint for approximately RM1.81 billion....

Monday, 04 Apr 2022 07:26 PM MYT

It said based on the aforesaid enterprise value, the anticipated equity value of Sprint is RM904 million, of which, KPS’ share would be RM180.8 million. “It shall also support our long-term strategic objective of strengthening the group’s fundamentals and enhancing KPS’ strategic positioning and brand equity in the marketplace,” KPS managing director/group chief executive officer Ahmad Fariz Hassan said.

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