A contentious multi-billion-dollar plan by Malaysia's Finance Ministry to wrest control of a clutch of highway toll operations that has been ranked as the country's largest corporate deal for this year is coming unstuck.
Bursa Malaysia, as the local bourse is known, has slapped prohibitive conditions on the major shareholders of the four toll concessions the government is proposing to acquire for RM6.2 billion (S$2 billion), bankers involved in the transaction process told The Straits Times recently.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
