The retirement fund has bought another 99,200 shares in the toll road operator.
The retirement fund bought another 99,200 shares in the toll road operator on June 22 to take its share held to 33.1 million shares from about 30.56 million shares it had on April 5, 2022 after the company received the offer to purchase its highway stake from Amanat Lebuhraya Rakyat Bhd .
The shares traded between a range of RM4.80 and RM4.75 before closing at RM4.75 on June 22. Litrak shares closed up one sen to RM4.78 yesterday, which is at a 30-sen discount or 6.28% to the RM5.08 offer price. ALR has proposed to acquire all of Litrak’s stake in the Damansara-Puchong Expressway and Sistem Penyuraian Trafik KL Barat Sdn Bhd for RM4.48bil.holds a 42.8% stake, announced earlier this month that it will distribute RM2.71bil of the proceeds in a special cash dividend and undertake a capital repayment to wind up the company.
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