KUALA LUMPUR: Shares in Lingkaran Trans Kota Holdings Bhd
(Litrak) surged 53 sen or 13.15% to RM4.58 apiece at market open in the present day on news it had obtained an offer from Amanat Lebuhraya Rakyat Bhd (ALR) for its stakes in SPRINT and LItrak.
As at 9.30am, the share value had eased to RM4.37 a share with 1.25 million items exchanging palms.
Shares in Litrak, alongside Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) have been suspended for buying and selling yesterday in mild of developments pertaining to the federal government’s restructuring of freeway concession firms within the Klang Valley.
These firms comprise Kesas Sdn Bhd, which manages Shah Alam Expressway (Kesas); Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd which manages Stormwater Management and Road Tunnel (SMART); Sistem Penyuraian Trafik KL Barat Sdn Bhd which manages the Western Kuala Lumpur Traffic Dispersal Scheme (SPRINT), and Lingkaran Trans Kota Sdn Bhd which manages the Damansara-Puchong Expressway (LDP).
In a bourse submitting yesterday, Gamuda introduced that it had obtained an offer from ALR for its stake in Lingkaran Trans Kota Sdn Bhd, Sistem Penyuraian Trafik KL Barat Sdn Bhd and Projek Smart Holdings Sdn Bhd.
Concomitantly, KPS mentioned in a separate submitting that its 20% affiliate firm System Penyuraian Trafik KL Barat Holdings Sdn Bhd obtained an offer from ALR for its curiosity in SPRINT.
Similarly, Litrak introduced that it had obtained ALR’s offer for its stakes in SPRINT and Litrak.
