Restructuring of Water Industry In Selangor - Status Update On The Offer To Konsortium Abass Sdn Bhd (“ABASS”) From The Selangor State Government (“State Government”)


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Announcement

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Restructuring of Water Industry In Selangor - Status Update On The Offer To Konsortium Abass Sdn Bhd (“ABASS”) From The Selangor State Government (“State Government”)

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Further to our announcement dated 29 June 2009, KPS wishes to announce that the State Government vide its letter dated 30 November 2009 informed ABASS that it was unable to proceed with the State Government offer to ABASS due to the inability of Syarikat Bekalan Air Selangor Sdn Bhd and Puncak Niaga (M) Sdn Bhd to accept the State Government offer to them. As such, the State Government had considered the offer to ABASS dated 25 June 2009 deemed lapsed and of no effect.

This announcement is dated 1 December 2009.