"The offer was made on June 21, 2019, and has since received the acceptance from the Board of Directors of Gamuda Bhd and the respective toll concession companies. With this self-financed acquisition, the government will hence save RM5.3 billion to RM6.5 billion in compensation payments. On the other hand, if the toll rates are merely frozen, these concessionaires will collect at least RM5.3 billion in compensation from the government. In comparison, the government has offered RM1.984 billion to acquire the concession, of which only approximately RM870 million to the shareholders. "The proposed acquisition, will indeed allow Gamuda and the other concessionaires shareholders to recognise some of the future profits today.

Source: The Star July 06, 2019 06:45 UTC