KUALA LUMPUR: PLUS Malaysia Bhd is best run by a private company, said two corporate leaders bidding to take over the largest highway operator in the country. Earlier this month, Khazanah Nasional Bhd managing director Datuk Shahril Ridza Ridzuan said selling PLUS to private entities would be a “huge moral hazard”. Ong implied that with private companies taking over PLUS, it would be efficiently run. The Malaysian-led Hong Kong-based private equity firm had laid out a revised proposal to the government to acquire PLUS for RM3.5 billion. Ong said he was willing to pay RM500 million in deposit in its bid to acquire PLUS.

Source: New Strait Times October 21, 2019 03:11 UTC