CapAsia exits Malaysia toll road
Southeast Asia infrastructure investor CapAsia has sold its stake in Malaysia’s Cheras-Kajang Highway to a joint venture between Taliworks Corp. and Employees Provident Fund for MYR80 million ($21.9 million).
CapAsia's Southeast Asian Strategic Assets Fund (SEASAF) invested in Cerah Sama, the holding company of Grand Saga, which has a concession to own and operate the toll road, in 2007. According to AVCJ Research,...
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