JIT News - Faber.. 16/3/2011

Faber is positive that its 15 year concession for government hospital support services, which expires in Oct 2011 will soon be renewed for another 15 years based on the group’s experience and track record. Its MD said the company was well positioned for the renewal based on of its financial ability. They are waiting for a detailed discussion with the authorities. It is just a matter of time. The ball is now in the government’s court. But he declined in disclose the contents of the renewal application but stressed that its proposition was status quo in terms of services for government hospitals in the six states, including Sabah and Sarawak.