Posted by annchua > 2015-03-13 20:51 | Report Abuse

well said jolie2

Posted by kqtay > 2015-03-13 20:51 | Report Abuse

The extension has been granted twice, I think MB Azmin wanted to give them a wake up call so that Putrajaya will take thing more seriously. Hope everthing will conclude soon.

Posted by kahhoeng > 2015-03-13 20:56 | Report Abuse

kqtay, awer is criticizing azmin for politicizing water deal, citing that Selangor water users will have to eventually bear all cost of restructuring and a delay will not benefit them. This should be a wake up call to Azmin, not Putrajaya!

Posted by kahhoeng > 2015-03-13 21:07 | Report Abuse

jolie, khalid's words is a smack on Azmin's face. Kind of like it when someone is doing it for free for me, hahaha...

Posted by hng33 > 2015-03-13 22:46 | Report Abuse

annchua

There are already ongoing legal case between Puncak and state gov over its refusal to grant water traffic hike, and seek legal action action against state to compensate Puncak over its outstanding receivable and debt incur.

Therefore, if state allow deal to lapse, despite cannot seal the final deal, Puncak can still use State latest official take over offer document and SPA sign between state and Puncak, in which State now is willing to compensate Puncak equity interest for RM 1.555 bil and absorb all debt. These official and legal SPA document, therefore can used as latest evidence to submit to high court, and expedite current ongoing legal case, and order soon solution in favor to Puncak.

Posted by hng33 > 2015-03-13 22:48 | Report Abuse

Azmin confusing people, land never part of water deal, Putrajaya says

Selangor was never required to surrender land under the master agreement with Putrajaya on the restructuring of the state's water industry, the Energy, Green Technology and Water Ministry said tonight.

The Selangor government only needed to grant access to the 26,000km of pipes for the federal government's water assets management company to lease back to the state's special purpose vehicle that will manage the water industry, minister Datuk Seri Maximus Ongkili said today.

"The question of the land covering 26,000km of pipes was never a central issue to the implementation of the master agreement.

"The statement by the Selangor mentri besar that the state’s sovereignty is jeopardised because the federal government insists it wants land covering 26,000km of pipe area in Selangor is confusing and worries the rakyat of Selangor," he said.

Ongkili said the ministry is still committed in ensuring the success of the master agreement signed between four parties on the restructuring of the state water supply industry.

The master agreement was signed between the federal government, Selangor government, Pengurusan Aset Air Berhad (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor) on September 12, last year.

He said the ministry will continue to engage with the state government to resume talks and extend the cut-off date by writing a letter to Azmin asking him to rethink the decision on Thursday.

"The letter also requested for a meeting at the officers' level, as well as between the minister and menteri besar, as soon as possible.”

On the land ownership issue, he said the assets will be leased out to the water services operator (Air Selangor) for 45 years, and once the tenure is completed, the assets and related land will be returned to the state.

He said that although the master agreement has defined water assets to include land, the issue of Selangor having to surrender land covering 26,000km of pipes was never a central issue.

On whether the federal government would invoke Section 114 of the Water Services Industry Act 2006 to resolve the impasse, Ongkili said it is an option but only as a last resort when negotiations fail and national interests are jeopardised.

A legal recourse, he added is also an option as the heads of agreement earlier signed between the parties concerned on August 1, 2014 is irrevocable.

"However, the ministry is confident the federal government and Selangor government can sit down and iron out all disputes towards realising the master agreement." he said. – March 13, 2015.

Posted by annchua > 2015-03-13 22:49 | Report Abuse

hng33, thanks for that info..you are awesome!

Posted by kahhoeng > 2015-03-13 23:14 | Report Abuse

hng33, while I believe Azmin is the main culprit, Putrajaya has contributed too. Should it be that simple, Putrajaya could have offered alternative long ago, officially or unofficially, during the 3 months. All I can say, damn politicians! We are not as rich as the developed nations, and our politicians are acting like one already. Sigh!

Posted by Roger123 > 2015-03-14 02:21 | Report Abuse

Dont worry. Everything is under control..... Something is going to happen in May

Posted by Roger123 > 2015-03-14 02:22 | Report Abuse

Kahhoeng: r u in Pg? I am in pg too. Hehehhe. One day we should meet up

Posted by Roger123 > 2015-03-14 02:25 | Report Abuse

Hng33: Thanks for ur answers. But..... Sometimes u need insider information to know better of a company. Report is just a guide. If one day we have chance to meet up, i will explain more detail to u.

Posted by Roger123 > 2015-03-14 02:26 | Report Abuse

I think is a time to buy more puncak......I like Yli as well

Posted by Roger123 > 2015-03-14 02:27 | Report Abuse

Hng33: U r strong at fundamental. No doubt. But sometimes u need to combine with insider. only that u can make a super normal profit

Posted by Roger123 > 2015-03-14 02:35 | Report Abuse

SinGor: of course my source is correct

Posted by SinGor > 2015-03-14 06:48 | Report Abuse

Azmin is taking Najib to a Hindustan movie. After 3 hours, both will be so dazed and things
will change again--marked my words. " Future " PKR leader vs Umno Old Hand both
dancing on " Puncak Gunung Tahan "

Posted by jolie2 > 2015-03-14 07:36 | Report Abuse

roger 123 + hng33 = technical + fundamental = (1+2+3)+ (3+3) = 6 + 6 = 12 = 1+ 2 = 3

3 rd time extension ------------------ ini kali-lah.

Posted by annchua > 2015-03-14 07:42 | Report Abuse

hahha...good one jolie2...ini kali lah!

Posted by Wiwangwang > 2015-03-14 08:21 | Report Abuse

this water company deal look like Taiwan drama over thousands episode still haven't end . But this time hopefully they will done the deal . I don't want when 2017 I have to bath in drain . . We want stabil water supply and also a good return in my puncak investment . I wish that after puncak done then can switch my capital to kps waiting for another round of earnings . .

Posted by kahhoeng > 2015-03-14 08:24 | Report Abuse

Roger, surely. I m on the island side, bayan lepas area. U? Maybe can pick a place to meet

Posted by Stockman > 2015-03-14 08:46 | Report Abuse

Actually, Azmin just play2 politics to kick out Khalid efforts in the water deal. So he want to sign his name in the agreement with Fed

Posted by SinGor > 2015-03-14 09:22 | Report Abuse

Stockman you are wrong. Azmin & Anwar want to put PKR cronies in Langat 2 and
All highway projects. With cronies you get money. With money you can fight 14 Election on
a balance platform. Khalid actually KIlled KPS initiatives for controlling Langat 2 (taliworks to
control pippings) Anwar knew Khalid's hand is tied by huge loan taken from Bank Islam(18m)
so he kicked him out.
The whole restructuring is about making money ( from selangor ppl) Langat 2 will increase
water rate 2-3 times more while flooding is occurring weekly in Selangor. We have
more rain water than we need and real culprit is Management and leaky pipes

Posted by jolie2 > 2015-03-14 09:47 | Report Abuse

if 2017 no water, property value(especially condominium) in selangor will drop . This will cause the bank will collapse. The whole country will kaput.

Those house value that sit next to river will shoot-up like rocket as they can build a "jamban" next to the river to discharge their waste.

Kelantan will be the capital of malaysia as this state have the most water until flooded.

Posted by jolie2 > 2015-03-14 09:55 | Report Abuse

you can see how important water resources for a country.
therefore, don;t play-play with this water counter. The government (state or federal) should not take for granted on this commodity.

read below all the water issue around the world.

http://www.wsj.com/articles/central-california-farmers-anticipate-no-federal-water-amid-drought-1425060533

http://www.theguardian.com/environment/2014/feb/09/global-water-shortages-threat-terror-war

Posted by kahhoeng > 2015-03-14 10:02 | Report Abuse

jolie, Kelantan can never be the capital lah, only kota bharu can. We will all live under hudud as well?

Posted by jolie2 > 2015-03-14 10:13 | Report Abuse

by 2017, all the water counters is will be the next SUPER BLUE-CHIP in bursa if no water.

by then puncak price will be 18.00 , kps 9.10

public bank 2.58, maybank 1.42

Posted by hng33 > 2015-03-14 10:34 | Report Abuse

Land poser in water issue (1 part of 2)

Will last minute extension request breathe new life into water deal?

AS the Selangor water industry restructuring saga continues on a daily basis, it comes down to one pertinent question: Will Selangor lose its sovereignty over the land lease agreement with the federal government?

The restructuring of the Selangor water deadlock was supposed to reach a significant milestone in mid-January with the biggest water concessionaire in the state, Puncak Niaga Holdings Bhd, controlled by Malaysia’s 40th richest tycoon Tan Sri Rozali Ismail, handing over its water business to Selangor’s PKR-controlled government. That hit a snag over the land issue and the much anticipated completion of the Selangor water deal was extended twice until it lapsed on March 9 that sparked heated arguments between both governments.

But at the eleventh hour yesterday, Pengurusan Air Selangor Sdn Bhd (Air Selangor) – Selangor government entity created late last year to facilitate the takeover – has relented to give in for a third extension request expiring on April 9, according to Puncak Niaga’s latest filing with Bursa Malaysia. Puncak Niaga is deliberating on the request.

This is an unexpected move by the state as it was vocal on not seeking another extension. This may prevent a court battle for the time being but the contention matters remain and both parties are now in the spotlight.

An observer familiar with the matter tells StarBizWeek that the disagreement is on the terms used involving state land that the water assets, mainly pipes and treatment plants, are on.

Those assets were to be handed over to the federal government in return for the RM2bil cash for Air Selangor to fund the RM9.6bil acquisition of the four concessionaires.

And out of the RM2bil cash extended, RM1.68bil has been utilised by Air Selangor to take over the water concession businesses of Puncak Niaga Sdn Bhd (PNSB), Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) and Konsortium ABASS. Only Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) which is 40% controlled by construction giant Gamuda Bhd, with the remainder 60% equally divided between Tan Sri Wan Azmi Wan Hamzah and the Selangor state via its vehicle Kumpulan Perangsang Selangor Bhd, is still pending due to valuation disagreement.

“The land lease agreement for 45 years and outright acquisition are two different things. This disagreement should be put in the right perspective where long-winded court battle should be avoided as the capital and Selangor as the most industrialised state in Malaysia, are in a dire situation to improve their water supply pipes and raw water treatment capacity,” he says.

The observer also suggests the state and federal governments look into other avenues, in terms of repayment or collateral, for the RM2bil aid.

“If the lease is considered an acquisition, both must move on. I don’t think there is an issue if the Government’s water asset sits on state land or vice versa,” he says.

Since it started in 2009, capex to improve old water pipes and water treatment facilities has been frozen pending an amicable agreement involving water concessionaires, the Selangor government and Putrajaya,

The observer also points out as this prolonged battle beats the purpose of Water Services and Industries Act (WSIA) that generally aims to provide efficient services and better quality water supply, regulated water services industry, relieve Federal government obligation to provide funding to states and relieve state governments of the heavy financial burden to develop water assets.

Selangor earlier this week (before the third extension was public) had expressed intention to revoke the water agreement with Putrajaya that was inked by previous Selangor mentri besar Tan Sri Abdul Khalid Ibrahim in September last year.

This is because Mentri Besar Azmin Ali alleges that the federal government did not comply with conditions set by the state government.

“They (the federal government) breached the agreement and did not honour it” is one of Azmin’s quotes that was splashed in the news over the past couple of days.

Azmin reasons that Putrajaya’s request for the land where water pipes will be laid will result in Selangor giving up sovereignty over its land. cont...............

Posted by hng33 > 2015-03-14 10:36 | Report Abuse

Land poser in water issue (2 part of 2)

On the other side, Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili points out that the land is only to be leased for 45 years, while his deputy Datuk Seri Mahdzir Khalid adds that the land is meant to be collateral for the RM2bil extended.

Besides this, there are still three matters that need to be ironed out for the master agreement to be effective. The first surrounds the transfer of water assets and land to Pengurusan Aset Air Bhd (PAAB) in return for RM1.68bil cash and assumption of liabilities.

The second is on the application of a facility licence from the regulator but it should not include water assets in Federal Territory and Putrajaya, particularly the Bukit Nenas, Semenyih and Wangsa Maju treatment plants, which Ongkili says belong to the federal government.

The last is for Air Selangor to provide a financial model to PAAB, the water asset management company formed by the Government, and the regulators.

As of yesterday, Azmin plans to seek Prime Minister Datuk Seri Najib Tun Razak’s advice on this matter and negotiations should resume next week.

Water is essential

The 7.5 million people in Selangor and the Klang Valley are well aware and have had their share of frequent water rationings. Most households in the capital are equipped with water filters, a sign that the quality of the distribution network of treated water supply should be improved.

Of the 130,000km of pipes in Malaysia, a third are made from asbestos cement, which has been known to cause cancer.

Syabas, which is responsible for water distribution in the Klang Valley and Selangor, says about 25% of the total 25, 650 km of its pipelines need to be replaced as they were installed more than 50 years ago.

Syabas could not replace the leaky pipes due to a freeze in capex. The porous pipes are the main culprit for non-revenue water (NRW), which is at a staggering 36.6% or 5.69 billion litres a day.

The average cost of replacing 1km of pipe is about RM1mil and Syabas has 6,412km of old pipes that need urgent attention.

Last year, about 2.4 million people in Selangor and Kuala Lumpur suffered from the worst water supply cut and rationing since 1998 due to a dry spell aggravated by the limited capacity of treatment plants which has not been upgraded due to the impending water restructuring. Expectations are that there will be further rationing of water. The Sungai Selangor dam which services about half of the Klang Valley and Selangor population is currently 74% full but it will dry up quickly due to the expected El Nino.

Consumers are not the only victims. Businesses are also affected by the cuts in water supply.

Posted by jolie2 > 2015-03-14 11:02 | Report Abuse

next week meeting, should put all this government officials to sit inside a meeting room with no air-cond, no drinks given , no air circulation/fan ..,,,,, then they will appreciate the important of the water and don;t play2 around.

Posted by jolie2 > 2015-03-14 11:16 | Report Abuse

read this.
US also facing water delivery system issue. Every country is taking the water issue seriously.
US water stocks are worth US50 per share but our msia water stock worth kacang putih price.

http://moneymorning.com/2013/02/06/water-stocks-dont-overlook-this-1-trillion-opportunity/

Posted by rlch > 2015-03-14 11:48 | Report Abuse

Puncak 2014 EPS is 60.51sen. If trade like Tenaga PE what is Puncak fair value?
http://klse.i3investor.com/servlets/stk/fin/6807.jsp

Posted by rlch > 2015-03-14 11:51 | Report Abuse

Pity those who have bought Puncak at RM5 thinking all the agreement signed will be fulfilled(eg water hike agreement, etc).

Posted by SinGor > 2015-03-14 13:38 | Report Abuse

Almost no chance to recover if bought at RM5. Next week another round of selling. Only
EPF will benefit. Continue to average down. Don't trust your money politicians as cantonese
said "Even Sow(female pig) can climb tree "

Posted by jolie2 > 2015-03-14 15:33 | Report Abuse

Today my insider ask me to follow him to sungai selangor dam that belong the splash and check the water level over there. The water storage is only 70% of the total dam capacity. Everyday drop.

my insider also told me that something will happen in April . Faster buy all water stock. Another water rationing going to happen. Also , faster buy some plastic drums to store water. Explosion coming.

Posted by Nelson Yoong > 2015-03-14 15:34 | Report Abuse

very funny

Posted by jolie2 > 2015-03-14 16:43 | Report Abuse

my insider last year january 2014 also told me to follow him to check on sungai selangor dam and during the time is also 70%, Then after that i also gave tips to the forum to buy water stock. All the water stock fired-up like rocket during the water rationing in mar 14.

Now this year also same. Read below

http://www.freemalaysiatoday.com/category/nation/2015/01/05/higher-water-level-at-selangor-dam-not-cause-for-joy/

Posted by rlch > 2015-03-14 17:18 | Report Abuse

Water restructuring delay has serious economic implications
By Ahmad Naqib Idris / theedgemarkets.com | March 14, 2015 : 3:13 PM MYT
Share on facebookShare on twitter
Printer-friendly versionSend by emailPDF version
KUALA LUMPUR (Mar 14): Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS) said that the unresolved water restructuring issue has serious economic implications, due to the delay of a number of projects, including the Langat 2 project.

In a statement, Tan Sri Rozali Ismail, executive chairman of SYABAS and Puncak Niaga Holdings Bhd (PNHB) (Financial Dashboard), said the postponing of these projects has resulted in the foregoing of supply of a total 850.82 million litres of water to 1,038 new developments.

"The postponing of these big projects involves billions of ringgit in investment, and will definitely impact the economic growth of the country, and have also resulted in the loss of employment opportunities in Selangor, Kuala Lumpur and Putrajaya," said Rozali.

To recap, PNHB had agreed to sell its unit Puncak Niaga (M) Sdn Bhd and its 70%-owned SYABAS to Pengurusan Air Selangor Sdn Bhd for RM1.55 billion on Nov 11, 2014.

Following the sale of water assets, PNHB shareholders are also expected to receive a special dividend of RM1 per share, which translates to a 37% dividend yield.

However, the transfer of water assets had been extended three times to March 9, 2015, due to the non-fulfillment of the conditions precedent stated in the conditional sale and purchase agreement.

Last Monday, Selangor Menteri Besar Mohamed Azmin Ali said that no further extension would be granted for the agreement which lapsed on the same day.

Posted by davidtslim > 2015-03-14 19:30 | Report Abuse

http://www.orientaldaily.com.my/index.php/nation/gn45345792
Orientaldaily reported water price in Selangor may increase if the deal is not completed. Read the news for more detail. I believe state government definitely want to complete the deal to control and improve the water distribution in Selangor.

Posted by kahhoeng > 2015-03-14 20:22 | Report Abuse

davidtslim, that's Khalid's words, sure he is extremely happy now given that so many people are angry with Azmin's politicizing, excellent time for him to make a noise

Posted by rlch > 2015-03-14 20:45 | Report Abuse

So sacking Khalid is a wrong move by PKR? Even Azmin cannot solve water woes. Can Puncak shareholders gain more under Azmin?

Posted by kahhoeng > 2015-03-14 21:50 | Report Abuse

rich, I am no politician, but guess anyone sacked won't mind saying what Khalid had just said at this moment. I just feel good knowing someone slapping Azmin's face. If Azmin could have mentioned earlier the land issue, I would not have been so furious. Given that he did it only last week and yet have a change of heart (?) through a letter seeking delay is even more shameful!

Personally, I believe Khalid should have resigned when he is not in favored by PR to rule Selangor, being sacked when declining to step down is inevitable.

Posted by whitesheep > 2015-03-14 23:18 | Report Abuse

this stock is full with rumours and emotion ... i think no matter what, the federal will still bail out puncak, at current price is attractive

Posted by kahhoeng > 2015-03-15 11:58 | Report Abuse

jolie, if azmin is to only trying to clean the left-over shit, he should state clearly at the beginning the viability of the transaction upon his appointment as MB, instead of the other way round. Should he find the land deal not appropriate, he should have stated it clearly at the end of first deadline. I remember clearly that he blamed Puncak for the delay at the end of first deadline! On last Monday, he said the deal will not be completed, yet on Friday, Air Selangor (a subsidiary of Selangor state in charge of the water deal) requested another 1 month delay from Puncak. Azmin is clearly mishandling the water issue right now, and he should apologize not only Selangor people, but shareholders of listed companies affected by his reckless speech.

Posted by kingcobra > 2015-03-15 20:38 | Report Abuse

jolie2 u can look see look see SEACERA

Posted by jolie2 > 2015-03-15 20:43 | Report Abuse

kingcobra

stay invest in kps = kentucky pried sicken

Posted by kingcobra > 2015-03-15 20:52 | Report Abuse

pUNCAK not at this moment...lots of conflict now!

Posted by rlch > 2015-03-16 06:01 | Report Abuse

Syabas: Selangor has asked for water deal extension
http://www.thestar.com.my/News/Nation/2015/03/14/syabas-sgor-water-deal-extension/

kingcobra pUNCAK not at this moment...lots of conflict now!
When in conflict, the price is at bargain., EPF also take the chance to buy like myself.

Posted by hng33 > 2015-03-16 10:14 | Report Abuse

玉楼金阙：错过黄金机会代价高‧陈金阙

上期说到国家能源（TENAGA）信心满满，收购英特格斯（INTEGRA）胜券在握，而霹雳机构（PRKCORP）也终于在3月27日召开股东特大，以在3月31日的大限之前，把英特格斯股权上缴国能。当然，如果霹雳机构这么有诚意，就算迟上几天，国能也乐于等待。


水务整合恐告吹
目前另一单收购计划，迟的不是几天，而是几个月，甚至是要告吹了。那就是雪兰莪的水务整合计划。
众所皆知，整个计划因为州政府和中央政府的不咬弦，阻碍重重。其中，商峰（PUNCAK）更是高调的认为，州政府出价太低，无意妥协。
没想到在雪州前州务大臣斡旋之下，商业高峰第一个同意把资产和业务脱售给雪州，让整个整合计划露出一线曙光。

当然，计划之下还有包括金务大（GAMUDA）和雪州旗下公司柏朗桑集团（KPS）等控制的雪州水务公司（SPLASH），以及雪州南部水供财团（Konsortium ABBAS），不过，公认最艰难的就是得到商业高峰（PUNCAK）和其子公司雪州水供公司（SYABAS）的祝福。
官场争执合约失效

如今，好不容易商业高峰这一方已完全合作，政府其中一方却变卦，以“拖”字诀让它失效，让商业高峰的股东和民众好生失望。到底问题是出在州呢？还是中央政府？


商峰塞翁失马，焉知非福？
商峰的小股东还以为可以得到脱售后的至少1令吉现金以过个好羊年，没想到遇到专取消计划的新大臣，担心的事情竟然成真。

这位新官老爷，似乎与取消条约很有缘；在他任期至今，白蒲大道合约取消、上任大臣颁发数位官员的退休金目前正在追回、州某部门的花红奖励被削减，如今商峰脱售水务计划又告逾期失效，他呀，肯定得了有些人的赞扬，却也失去另一些人的民意。

商峰之前看在钱的份上，还有一并给州国面子，率先打开整合计划的僵局，没想到官场争执，让它碰了一鼻子灰，看来十分狼狈，其实这次塞翁失马，焉知非福？

我们从英特格斯的例子，得到“好的东西不要乱乱卖”的结论。

如今，商峰看来就要到手的15亿现金溜走了，固然惋惜，但回心一想，自己并没有失去金钱也没有失去了业务呀；其水供业务和资产，仍然掌握在手里。


股神前车之鉴
它召开股东特大里，对雪州水供业务的计算程式是以2014年6月30日为准（见其通告第2页），如果一旦破局，那么一切将从新推算。

根据2014年12月31日的业绩报告，公司净资产已从4.60令吉，增加到5.02令吉；而9个月后的现在，其股权价值肯定只有增加，之前的20至30%折扣（售价15.5亿令吉）也已不适用。公司应该采取27亿令吉加上这9个月的业务发展来衡量。

因此，下次重新议价，肯定只有祭出更高的价钱才能让股东心动。别忘记这是特许经营权，商峰在政府争议不断期间提供了服务，费用是每个月照收的，不可能白做吧。
拜读巴菲特的给股东信，可从中读到他有一些很好的收购计划，因为议价不合而谈不拢，之后他得要付出更高的代价来弥补所犯下的错误。因此，这回如果让高峰卖不成手上的金鹅，股东几经反省，得到以下的结论：之后政府一定要付出更高的代价，来为错过这次黄金机会埋单。

陈金阙 专业财务规划师
http://www.nanyang.com/node/686378?tid=462

Posted by kahhoeng > 2015-03-16 17:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1903613

We refer to the announcements dated 11 November 2014, 16 December 2014, 7 January 2015, 13 January 2015, 14 January 2015, 10 February 2015, 10 March 2015 and 13 March 2015 in relation to the Proposed Disposals.

On behalf of PNHB, Hong Leong Investment Bank Berhad wishes to announce that further to the announcement dated 13 March 2015, the Board of Directors of PNHB had at a meeting convened today deliberated on the further extension of time for the fulfilment of the conditions precedent stated in the conditional sale and purchase agreement dated 11 November 2014 from 9 March 2015 to 9 April 2015 (“3rd Extension of Time”).

The Board of Directors of PNHB, after careful consideration of the matter and having taken into consideration the views and recommendations of the Management of Puncak Niaga (M) Sdn Bhd and Syarikat Bekalan Air Selangor Sdn Bhd, has mutually agreed to the 3rd Extension of Time with Pengurusan Air Selangor Sdn Bhd (formerly known as Temasek Tiasa Sdn Bhd) (“Air Selangor”).

Posted by kahhoeng > 2015-03-16 18:41 | Report Abuse

how much I wish Puncak BOD would add that no additional extension will be granted in its media release

Posted by hng33 > 2015-03-16 18:51 | Report Abuse

kahhoeng

It seem generally no much different between latest media release compared with previous release..............but in actual, there is BIG different now....

In the latest media release, it highlighted two top post in fed gov and state gov, YAB Prime Minister of Msia + YAB Dato Menteri Besar of Selangor will to put in their best effort and to work closely and resolve the matter. These are the highest ranking in both Fed and State, all thing will be able to settle at these highest level already