Monday, 7 September 2015

Puncak Niaga, KPS jump ahead of Selangor water deal

Shares of Puncak Niaga Holdings Bhd and Kumpulan Perangsang Selangor (KPS) rose in active trade on Monday ahead of the sealing of the Selangor water deal.

At midday, Puncak Niaga was up 17 sen to RM2.69 and its warrants, Puncak_WB added 13 sen to RM1.74. KPS gained 12 sen to RM1.30.

On Tuesday, the Federal Government and Selangor State Government will be concluded with the signing ceremony.

A signing ceremony will be held in Shah Alam between Pengurusan Aset Air Berhad (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor) to seal four agreements under the restructuring of Selangor’s water services industry.

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