KUALA LUMPUR (Jan 9): KUMPULAN HARTANAH SELANGOR BHD [] (KHSB) has confirmed The Edge report that its major shareholder KUMPULAN PERANGSANG SELANGOR [] Bhd (KPS) has been given the mandate to enhance or revive its investments.
KHSB said in a reply to Bursa Malaysia Securities on Monday that KPS was mandated by the board to explore and evaluate the available options, which might include a reorganisation and restructuring of its investments and mergers, acquisitions or divestments of its non-performing investments.
“As part of the available options to enhance or revive its investments, KPS has also been mandated to study the feasibility of taking KHSB private.
“However, to-date, consultants have not been appointed to conduct the feasibility study,” it said.
KHSB said in a reply to Bursa Malaysia Securities on Monday that KPS was mandated by the board to explore and evaluate the available options, which might include a reorganisation and restructuring of its investments and mergers, acquisitions or divestments of its non-performing investments.
“As part of the available options to enhance or revive its investments, KPS has also been mandated to study the feasibility of taking KHSB private.
“However, to-date, consultants have not been appointed to conduct the feasibility study,” it said.
