KUALA LUMPUR — July 11, 2019: The two main shareholders of PLUS Malaysia Berhad are not in favour of a take-over proposal by Maju Holdings.
In this regard, the views of the two key stakeholders — Khazanah Nasional and the Employees Provident Fund — are taken into account by the government.
“An early decision has to be guided by the views and decisions of the EPF and Khazanah. This is the decision for now, but we will be surely guided by what the Prime Minister Tun Dr. Mahathir Mohamad decides,” Finance Minister Lim Guan Eng said to reporters at the Parliament lobby today.
Lim will however be meeting with Maju Holdings to discuss the proposal further.
“I will meet with Maju Holdings, as there is reportedly a new offer that differs from the original,” he remarked.
Maju Holdings, controlled by Tan Sri Abu Sahid Mohamed, had offered RM36 billion in 2017 for the take-over.
The finance ministry had then stated the government had no plans to give up its stake in PLUS, adding that it viewed seriously the financial position as well as ability of a private entity to finance a take-over.
Works Minister Baru Bian confirmed that the government had received an official offer from Maju Holdings two weeks ago. — Bernama