· Offer at Enterprise Value of RM1,808 million for the entire equity interest of SPRINT
· 20%-associate SPRINT Holdings to revert decision by 30 April 2022
SHAH ALAM, Malaysia, April 5 (Bernama) — Kumpulan Perangsang Selangor Berhad (“KPS” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS MK; Reuters: KPSB.KL) today announced that its 20% associate company Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT Holdings”) received a Letter of Offer from Amanat Lebuhraya Rakyat Berhad (“ALR”) to acquire entire equity interest of Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT”). ALR is a public limited company incorporated under the Companies Act 2016, having the mandate of the Government of Malaysia (“GoM”) for the proposed restructuring of certain tolled highway concessions. KPS has a 20% interest in SPRINT via its associate company, SPRINT Holdings.
