PBA Holdings seeks shareholder approval for RM 24.6 billion bulk water purchase
Bitget2026/10/27 01:45- PBA Holdings shareholders will vote on a proposed bulk treated-water purchase for Penang at an extraordinary general meeting on November 12, 2026.
- The proposed 40-year agreement carries estimated supply charges totaling RM 24.6 billion, including RM 8.4 billion in fixed capacity charges.
- Subsidiary PBAPP would purchase at least 300 million liters daily, with supply targeted to begin March 31, 2032.
- The board supports the proposal, except for five dissenting directors concerned about payment obligations despite supply shortfalls or prolonged interruptions.
- PBAPP would remain liable for the present value of remaining capacity charges if prolonged non-supply leads to termination following unsuccessful renegotiation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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