Puncak Niaga/KPS: The proposed consolidation of water assets in Selangor is expected to be wrapped up by 2011 with more meaningful action by end-January 2011. This was because the Selangor state government's offer would expire by then. Industry observers was convinced the federal government will step in order to resolve the issue should the state government fails to wrap up the deal by the first half of 2011. The attractiveness of the offer depended on the operation and maintenance (O&M) licence entitlement. Puncak Niaga may seek a higher price should the offer excluded its entitlement for O&M licence (post-consolidation).
KEUro/Talam: Kumpulan Europlus Bhd has disposed of 60 million ordinary shares of 20 sen each, representing 1.84 per cent of the total voting share capital of Talam Corp Bhd, for RM5.99 million. The disposal has also reduced the gearing ratio of the company from 2.95 to 2.92. The proceeds would be used to pay creditors. The disposal will assist the group reduce its liabilities.
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