EPF buys stake in Malaysian expressway
Malaysia's Employees Provident Fund (EPF) is paying MYR68.7 million ($21.5 million) for a 31.85% indirect stake in the Cerah Sama, concession holder of the Cheras-Kajang Highway.
As part of the deal, EPF has signed share sale and purchase agreement (SSPA) with Taliwork Corp. subsidiary Pinggiran Muhibbah to acquire a 100% stake in Pinggiran Ventures. This entity in turn owns 49%...
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