Posted by i3Value > 2019-10-31 12:33 | Report Abuse

Tun and Azmin already said not selling PLUS because private investors will not buy and then abolish toll

Posted by i3Value > 2019-10-31 12:34 | Report Abuse

Unless widad got something else coming up, else how to sustain up up up

Posted by pang72 > 2019-10-31 12:35 | Report Abuse

Khazanah has to listen to TM to sell the asset.

Posted by pang72 > 2019-10-31 12:43 | Report Abuse

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Widad Business Group makes new offer of RM5.3bil for PLUS
CORPORATE NEWS
Wednesday, 30 Oct 201911:18 AM MYT
image: https://apicms.thestar.com.my/uploads/images/2019/10/30/356172.jpg


KUALA LUMPUR: Widad Business Group Sdn Bhd has upped its offer for PLUS Malaysia Bhd with a new proposal to acquire 100% equity interest in the company for RM5.3bil.

Including the compensation waiver of RM3.04bil and debt assumption of RM30bil, the total enterprise value of the offer comes to RM38.34bil, representing the highest bid from the private sector thus far.


According to Widad, the revised offer also includes the waiver of the RM11bil sukuk guarantee by the government and a new option for the government to buy back PLUS after 10 years based on market valuation.

The government has received three other acquisition proposals for PLUS from the private sector, including Maju Holdings Sdn Bhd's bid at an enterprise value of RM34.9bil including debts, RJR Capital's offer of RM3.5bil and Tan Sri Halim Saad's proposed RM5.2bil purchase.

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Widad's new offer is a follow up to its Oct 9 proposal to purchase a 51% stake in PLUS Expressways Bhd concessionaires for RM1.5bil cash or 100% of the concessionaires owned by Khazanah Nasional Bhd and the Employees Provident Fund for RM3bil cash.

It comes in response to Prime Minister Tun Dr Mahathir Mohamad's comments on Oct 22 that the offers by the private sector had not been attractive enough and did not reflect the bright prospects for PLUS.

"After some deliberation, we have come up with an upgraded offer that better reflects the bright prospects of this company, and a takeover plan that can help further reduce the financial burden of the Government as well as provide much needed savings and convenience to the rakyat when using our roads," said Widad group executive chairman Tan Sri Muhammad Ikmal Opat Abdullah.

Widad made its presentation to the Works Ministry yesterday, listing also a few commitments for the PLUS takeover.

It proposed two mechanisms for toll rates, comprising either a 25% to 40% reduction via direct toll discounts or an 18% toll reduction for road users with a balance 7% to 22% to be channelled to the government for the welfare of targeted groups.

Widad added that it would be implementing AI technology for vehicle recognition and smart traffic planning, equipping first responders with new fundamental skills and equipment as well as upgrading facilities.

"Development of family friendly centres, shopping outlets, business centres and entertainment hubs along inter-city stopovers will be carried out to improve the current ecosystem of the expressways.

"To further develop value chain participants, WBG will introduce trickle-down economics to benefit larger participation of local contractors, suppliers and service providers," it said.

Read more at https://www.thestar.com.my/business/business-news/2019/10/30/widad-business-group-makes-new-offer-of-rm53bil-for-plus#HBCO3Y0OHZEZQ3MD.99

Posted by pang72 > 2019-10-31 12:45 | Report Abuse

Widad offers rm38. 4 B for PLUS..

Posted by Srsm Trader > 2019-10-31 12:53 | Report Abuse

Even if widad didn't secure the take over, the company businesses are looking good for the past 2 years. why worry? Able to secure the highway is a big plus nevertheless. Good company to invest to. The guy behind this also running renong the last time. If you got the change look at kpower, lost all the way... now being taken over by Rahim serbadk starting creating profit after years of losing. Good gentlemen running at the back, always something worth investing. All the best.

Posted by pang72 > 2019-10-31 13:11 | Report Abuse

Srsm,
Who is running renong?

Posted by pang72 > 2019-10-31 13:22 | Report Abuse

It has been brought up attention to the public and investor on the Plus bid. It looks real!

Posted by pang72 > 2019-10-31 13:24 | Report Abuse

The only way to fulfill the election commitment is to let private sector to manage the Plus and cut down toll fee to please the Rakyat!

Posted by pang72 > 2019-10-31 14:05 | Report Abuse

Widad big boss behind the scenes is too powerful that can fork out billion dollar cash

Posted by pang72 > 2019-10-31 14:15 | Report Abuse

https://www.theedgemarkets.com/article/halim-wants-gamudas-toll-concessions-top-plus

Posted by pang72 > 2019-10-31 14:16 | Report Abuse

Heated up!!

1.widad
2. Halim

Posted by pang72 > 2019-10-31 14:17 | Report Abuse

Halim may know been defeated for Plus took over to widad..
So. He offers to buy Gamuda toll!!

Hihi..

Posted by pang72 > 2019-10-31 14:17 | Report Abuse

Widad - the highest bid will get through

Posted by emil > 2019-10-31 14:56 | Report Abuse

Widad will lose bid...down back to 30c

Posted by pang72 > 2019-10-31 16:10 | Report Abuse

Boss said up 0.005 as usual

Posted by pang72 > 2019-10-31 16:15 | Report Abuse

Widad understood the situation after meeting so to increase the bid...

So, the contra t is in pocket now!!

Wait for beautiful announcements

Posted by pang72 > 2019-10-31 16:17 | Report Abuse

Look at the price indicated good news!!

Posted by pang72 > 2019-10-31 16:18 | Report Abuse

Same pattern....

Last minite all 43c sapu habis!!

Posted by pang72 > 2019-10-31 16:19 | Report Abuse

Today happy up 1c..else 0.5c...

Hihi!!


Conclusion is up daily!! No change till now!!

Posted by pang72 > 2019-10-31 16:20 | Report Abuse

It will up till announcement makes then limit up!!

Posted by pang72 > 2019-10-31 16:25 | Report Abuse

Warrant 13.5c is history..

Only can sapu 14c..

Posted by pang72 > 2019-10-31 16:26 | Report Abuse

Tomorrow 14c warrant may finish very early in the morning

Posted by pang72 > 2019-10-31 16:31 | Report Abuse

Participate in PLUS with only 43c.. Good deal!!

Posted by pang72 > 2019-10-31 16:58 | Report Abuse

Tomorrow 43.5c...

Syiok...

Posted by pang72 > 2019-10-31 16:58 | Report Abuse

My best performance stock up 1c or 0.5c daily..

So easy to earn money!

Posted by pang72 > 2019-10-31 17:17 | Report Abuse

https://www.chinapress.com.my/20191030/widad%e5%8a%a0%e7%a0%8123%e4%ba%bf%e7%8e%b0%e9%87%91-%e9%80%be383%e4%ba%bf%e7%8c%ae%e8%b4%ad%e5%8d%97%e5%8c%97%e5%a4%a7%e9%81%93/

Posted by widadinvestor > 2019-10-31 17:34 | Report Abuse

up up up，maybe next Gamuda coming soon，wakakaka

Posted by pang72 > 2019-10-31 17:36 | Report Abuse

WIDAD加码23亿现金 逾383亿献购南北大道
20小时前240点阅

Posted by shpg22 > 2019-10-31 17:55 | Report Abuse

Keke...cook up the news so insider can disposed at higher price.
Good publicity on PLUS.

Posted by pang72 > 2019-10-31 18:25 | Report Abuse

Shpg22, you used your company to cook up and submit the bid for Plus lo!!
You think so easy and no need funding!!

Posted by shpg22 > 2019-10-31 18:53 | Report Abuse

This company like tin kosong only. When knock sound very loud but inside kosong one. Sounds like Ah Hock mini market wanna takeover AEON.

Posted by pang72 > 2019-10-31 18:58 | Report Abuse

This is your perception...
You like new kid in town!

Posted by pang72 > 2019-10-31 18:59 | Report Abuse

It is not my business to feed you....
I ride on my wining boat all the way....
Waste my time to teach you..

Posted by pang72 > 2019-10-31 19:00 | Report Abuse

Just ride on 0.5c or 1c up daily boat...
It is not so exciting but got the certificate of sure up!!

Posted by pang72 > 2019-10-31 19:01 | Report Abuse

I all in so up 0.5c or 1c mean huge for my profit

Posted by shpg22 > 2019-10-31 19:02 | Report Abuse

Forgive me sifoo

Posted by pang72 > 2019-10-31 19:08 | Report Abuse

Tin kosong!

Posted by shpg22 > 2019-10-31 19:08 | Report Abuse

u mean the company right?

Posted by pang72 > 2019-10-31 19:09 | Report Abuse

I always advise this type of tin kosong don't buy the share I push..
Because he don't deserve to earn easy money with my help!!

Shpg22... You must not buy Widad...
Remember.. This

Posted by pang72 > 2019-10-31 19:29 | Report Abuse

Shpg22=tin kosong!!
You want my comment. Look at above!

Posted by shpg22 > 2019-10-31 19:34 | Report Abuse

If WIDAD can takeover Plus I ll chop off my d@#£

Posted by pang72 > 2019-10-31 19:37 | Report Abuse

https://www.theedgemarkets.com/content/evening-5-widad-ups-offer-plus-1

Posted by pang72 > 2019-10-31 19:38 | Report Abuse

shpg22 If WIDAD can takeover Plus I ll chop off my d@#£
31/10/2019 7:34 PM

Cuci bersih bersih.. Tunggu chop

Posted by tvz32 > 2019-10-31 19:49 | Report Abuse

https://www.malaymail.com/news/malaysia/2019/10/31/dr-m-says-authority-to-sell-govt-assets-lies-with-him-as-khazanah-chairman/1805624

Posted by tvz32 > 2019-10-31 19:50 | Report Abuse

TunM: Basically, we had to sell assets as the government lost huge sums of money

Posted by shpg22 > 2019-10-31 20:02 | Report Abuse

Genuine company making bid normally will keep a low profile and confidential. Only tin kosong company that will bising busing until whole market know their proposal.

Posted by birkincollector > 2019-10-31 20:12 | Report Abuse

i also think widad bidding PLUS for publicity

Posted by pang72 > 2019-10-31 20:13 | Report Abuse

Ya kah.... Biding till tin kosong also don't know..
I guess need to publish more and more... Effort not enough

Posted by pang72 > 2019-10-31 20:13 | Report Abuse

Dr M says authority to sell govt assets lies with him as Khazanah chairman