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.
carefulinvestoranbz easy to figure out, someppl are makingmoney. say sth positive like nov is the month to finalise detail, price go up, say sth negative like water deal hit snag, price come down, next? say sth like i sue u, go international arbitration, price?
anbzmy brother in-law an engineer JPS selangor (high rank one)(even when was just an ordinary
newbie there..he was tasked to distribute JPS RM5m allotment for teh DUN involved with the
asking of the ADUN umno ..that was 2006...i thought this guy could be rich if he wants to take
bribe..lol) ..said that this will not happen...and i ask him why...he
said the money involved are too big for selangor gov and that it is only politics...and he also said
the minimum RM1m for foreigners to buy a house in malaysia (he is tasked by his head in JPS
selangor to do work for JPS Pusat almost everyday in Iskandar..while he's living in bangi...what
kind of work is that?)..the minimum price is just a talk...it will not
happen...that was what he said...TRUELY that was what he said...but i don't know the truth
longterminvestSamsoongyc glad u did. Let's hope mb do sth constructive to resolve the deadlock. PR govt advocate open tender n now gamuda has a higher bid, let's c he walk the talk
digiuser016no doubt political influences also affect the deal. what if bn doesnt want to compromise with pkr? there will be no deal, the situation will become worse, then i willl be an independent candidate in selangor in the next election? Reason? people are suffering from water crisis and they cant even use one of the necessities(water),many factories and developments also get affected. Can human survive without water? So....there must be a deal!
digiuser016since pakatan rakyat has been given mandate to rule selangor, I believe that pakatan rakyat will not disappoint people! what is their ultimate objective? to rule the country! who is going to trust them if they cant even manage a state?
carefulinvestorkhalid wants to show he cando magic in giving free water, cut cost, increase water co profit and reduce nrw. all these are more easier to achieve the lower offer he made to close the deal. he wantto be in sure win position in politics and sacrifice capital market value. if you understand why the 1st offer was rm5.7bil you will roughly know what he will respond to puncak