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If ekovest holding 60% of Kesturi, and the highway worth 5000mil, meaning ekovest got around 3000mil worth of highway. But why the NTA of ekovest so low....
by right yes, but do u think the buyer is willing to capture those debts as well? which mean kesturi is worth more than 5b? maybe 8b? purchase consideration 5b+kesturi deb 3b?
Their highway don't think worth of RM5bil
Company who able to build it know the cost, how many company can afford, take over & manage it? We all Malaysian pun sudah tau lo.
It is just indirectly asking Malaysian investment fund (PNB, EPF, Khazanah, KWAP) interest to acquire or not in public media.
So in the end Malaysian tax payer may need to bear the unreasonable value to acquire highway lo