Govt to retain full control of MAHB

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Govt to retain full control of MAHB
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UDA Holdings Bhd (UDA) continues to attract buyers for its new launches, including the recent Areca Terrace Phase 4B in Johor Baru.

PUTRAJAYA will retain full control of Malaysia Airports Holdings Bhd , says Datuk Seri Amir Hamzah Azizan , would acquire the remaining 59% stake in MAHB, which is owned by various investors.

The two companies will own a 30% stake while Khazanah-EPF will own 70% when the takeover is completed.Amir Hamzah said GIP is only involved as an investor and technical partner to provide advice and share their expertise to step up the airport’s efficiency. “Entry and exit of foreigners will continue to be the responsibility of the Immigration Department without interference from outsiders,” he said.

Amir Hamzah said although Malaysia would not stop companies from any country from investing in Malaysia, no Israeli companies could invest here.

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