Air Selangor denies special treatment for Splash

SHAH ALAM (Aug 10): Pengurusan Air Selangor Sdn Bhd (Air Selangor) has denied allegations that it gives special treatment to Syarikat Pengeluar Air Sungai Selangor (Splash) when it offered the company an acquisition value of RM2.55 billion on Aug 3.

Air Selangor chief executive officer Suhaimi Kamaralzaman (rpt; Kamaralzaman) said that the discount used in acquiring Splash, on the contrary, was much higher compared to the discount used in the takeover of Puncak Niaga (M) Sdn Bhd (PNSB) owned by Puncak Niaga Holdings Berhad in 2015.