Puncak Niaga Holdings Berhad (PNHB) is an investment holding company. The Company, through its subsidiaries, is primarily engaged in the treatment and distribution of treated water to consumers in the State of Selangor, the Federal Territories of Kuala Lumpur and Putrajaya and in the People's Republic of China. PNHB operates principally in Malaysia. On March 10, 2011, PNHB formed a 99.99% owned Indian subsidiary Company, Puncak Niaga Infrastructures & Projects Private Limited (PNIP Pte Ltd). On April 19, 2011, PNHB acquired a 55% stake in Reputable Collection Sdn Bhd (RCSB) resulting in RCSB becoming a 55% owned subsidiary of the Company. RCSB had acquired a 62.5% stake in Jalinan Handal Sdn Bhd (JHSB) resulting in JHSB becoming a sub-subsidiary of the Company on April 19, 2011. Its subsidiaries include Puncak Niaga (India) Sdn Bhd and Puncak Research Centre Sdn Bhd. On September 28, 2011, the Company acquired Global Offshore Malaysia Sdn Bhd And KGL Ltd.
upsidedown119Puncak got water direct from Sungei Semantan, Langat2 jadi Puncak, air seterus dari Pahang, Puncak saham akan naik, sampai ringgit lapan, Permit for Langat2 no need, Khalid turun jamban!
hng33Khaild must think out-of-the-box, not just keep say RM 9.65 billion must unchanged at all in order for state to keep water traffic low and continue give free water. Everyday pass, Khaild will have lessen bargain power.....Langat 2 can afford to further delay once gov opt to divert transfer water from Pahang to Puncak exiting power plant and upgrading further Puncak capacity to produce higher million tone per day from current 380mtd to 700 mtd
hng33Lets ask the Raykat of Selangor, Putrajaya and KL, whether they prefer free water + low water rate vs. water rationing and uncertainty water supply
upsidedown119Khalid likely to give in, otherwise water concessionaires may withdraw offer to sell. Even if WSIA is exercised, Khalid will not get control of water assets and will lose say over water restructuring except for the water tariffs which is before the courts or subject finally to arbitration. If WSIA is exercised, Fed control likely only be nominal to avoid undue disruption. Puncak likely to maintain effective control. Khalid's being played around like a headless ayamberlari!
upsidedown119The DAP rep (Ms Yeoh Bee Yin) just advocated a direct buy out of the water concessionaires! There seem to be fear that Khalid will be played out by the Fed and will not get control of the water restructuring if he do not buy them out. Khalid will be in a better bargaining position if he buys them out with the extra RM2B provided by the Fed!
hng33Langat 2 already award to Salcon-AZB-MMC, RM 994m for phase 1, take 36 month to complete. At the same time, SPAN have also come out 3 mitigation solution worth RM 121 million, to counter current water crisis, 1: transfer treated water from NS (RM 35m), upgrade Puncak langat 2 water treatment plant (RM 37m), upgrade Syabas pipe (RM 40m)
stkoayAngelina baby, my SUIWAH is ready to fly already................ still not too late to jump in...........cos my info. indicate a target of RM4.50-5.00.