Widad Business Group revises upwards offer for PLUS

Widad Business Group revises upwards offer for PLUS

The Malaysian Reserve-News·2019-10-30 14:59

Widad Business Group Sdn Bhd (WBG), an integrated facility management and construction conglomerate, revised upwards its offer for PLUS Malaysia Bhd in a presentation to the Works Ministry yesterday.

WBG said in a statement that it was now proposing to acquire 100 per cent equity interest in PLUS for RM5.3 billion in cash consideration, in addition to the compensation waiver of RM3.038 billion and debt assumption of RM30 billion, bringing the total enterprise value of the offer to RM38.338 billion.

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