KUALA LUMPUR, Nov 16 — Kumpulan Perangsang Selangor Bhd (KPS) has dismissed rumours alleging that the Darul Ehsan Investment Group is planning to privatise KPS.
In a filing with Bursa Malaysia, KPS managing director and chief executive officer, Ahmad Fariz Hassan said the company wishes to clarify that it has not received any notification on any privatisation proposal.
“We have no knowledge of the rumoured privatisation move. Therefore, the market speculation and rumours on the alleged moves to delist KPS from the Main Market of Bursa Malaysia Securities Bhd and take it private are unsubstantiated,” he said.
The statement from KPS came after the privatisation claims circulated on online platforms on November 13.
Incorporated on August 11, 1975, KPS has core investments in the manufacturing sector as well as businesses in the trading, licensing and infrastructure sectors.
— Bernama
