The Employees Provident Fund Board (EPF) is eyeing more infrastructure assets, going forward, and it is not discounting the possibility of acquiring an equity interest in the Duta-Ulu Kelang Expressway (Duke) highway concession.
EPF CEO Datuk Shahril Ridza Ridzuan said it had been aggressively looking at infrastructure assets with the right risk returns and strong cash flow.
"We have invested significantly in highways the past few years and we are always open to new acquisitions.
"However, it may not necessarily be the Duke as there are lot of other potential assets we are looking at this point of time," he said after Taliworks Corporation Bhd's annual general meeting and extraordinary general meeting here today.
Currently, EPF holds equity interest in the operators of PLUS Expressways, Cheras-Kajang Highway and the New North Klang Straits Bypass Expressway.
Earlier, Taliworks and EPF announced that they would each acquire a 35 percent stake in solid waste management company, SWM Environment Holdings Sdn Bhd.
EPF Investment Division Deputy CEO Datuk Mohamad Nasir Ab Latif said this was the fund's maiden investment in the solid waste management portfolio and it hoped to continue working with Taliworks to look for matured, cash generating assets, going forward.
"We are confident that the partnership we have with Taliworks will benefit both parties especially in identifying strategic assets and implementing value enhancing strategies," he added.
During the meetings, the company received shareholders' approval for the disposal of its entire China waste and wastewater management business for US$54.6 million and the acquisition of a 35 percent stake in SWM Environment from Conseec Gali Sdn Bhd and Esys Montenay Sdn Bhd for RM245 million.
Taliworks Executive Director Datuk Lim Yew Boon said the partnership with EPF would continue to drive the company's merger and acquisition business expansion.
"Jointly, Taliworks and EPF will continue to target strategic assets that will generate strong cash flow and earnings to both entities," he added.
Bernama
Tue May 10 2016
EPF has been aggressively looking at infrastructure assets with the right risk returns and strong cash flow.
Leftenan Muda Min Youn satu-satunya penuntut bangsa Cina tamat latihan Komando GGK 2024
Min Youn yang berasal dari Setapak, Kuala Lumpur itu merupakan graduan perakaunan daripada Universiti Tunku Abdul Rahman (UTAR).
Seorang maut, nahas dua kereta di Ipoh
Kemalangan melibatkan dua buah kereta iaitu jenis Honda City dan Peugeot.
Play Store kini benarkan muat turun dua aplikasi serentak
Berdasarkan laporan 9to5Google, ciri ini diberikan secara berperingkat kepada pengguna Android bermula dengan peranti\
Che'gu Bard mengaku tidak bersalah dua pertuduhan
Badrul Hisham mengaku tidak bersalah, selepas semua pertuduhan dibaca di hadapan Hakim, Siti Aminah Ghazali.
Tahanan PPA tekad jadikan kemahiran dalam “tirai besi” sebagai mata pencarian
Kehidupan di dalam tirai besi memberikan keinsafan kepada Fifi, Apit dan Bulat.
Ringgit susut berbanding dolar AS pada sesi awal
Pada 9 pagi, ringgit merosot kepada 4.7715/7810 berbanding mata wang Amerika Syarikat (AS) daripada 4.7650/7710 pada Jumaat.
Guna semula bangunan pawagam lama, bangkit suasana klasik
Ia bukan sahaja mampu menarik ramai pelancong tetapi juga mampu memulihara bangunan warisan yang masih elok dan ditatap oleh generasi kini.
Mesyuarat Khas WEF: PM Anwar jumpa 50 pemimpin industri, perniagaan global
PM yakin lebih banyak pelabur bernilai tinggi akan pilih Malaysia sebagai destinasi pelaburan.
Dipaksa bersalin normal, kepala bayi songsang terputus
Bahagian kemaluannya juga terkoyak teruk dan dijahit sebarangan oleh staf Rumah Sakit Banjarmasin.
AWANI Ringkas: Tangani isu ketidaksamaan & marginalisasi
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Nyaris langgar pejalan kaki, mat rempit dicekup
Tidak cukup berlagak bagaikan samseng jalanan, seorang mat rempit turut mengancam nyawa pejalan kaki apabila dia nyaris melanggarnya ketika cuba meloloskan diri dari sekatan polis.