Gets Global eyes Putrajaya pub­lic trans­port firm

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Gets Global Bhd pro­poses to buy a pub­lic trans­port ser­vice provider in Putrajaya.

The group told Bursa Malaysia that its wholly owned sub­sidiary Kon­sor­tium Bas Ek­spres Se­me­nan­jung (M) Sdn Bhd had en­tered into a me­moran­dum of un­der­stand­ing with Putrajaya Leisures & Ser­vices Group Sdn Bhd, with the in­ten­tion to en­ter into mu­tual dis­cus­sions re­lat­ing to the pro­posed ac­qui­si­tion of a 79.99% stake in Pen­gangku­tan Awam Putrajaya Travel & Tours Sdn Bhd (PAPTT) for RM1.

PAPTT has over 170 buses and its ser­vices in­clude Putrajaya city bus ser­vices, bus rental and bus leas­ing. It also man­ages Putrajaya Sen­tral Ter­mi­nal, Putrajaya park and ride fa­cil­ity and carparks in var­i­ous lo­ca­tions in Putrajaya.

PAPTT is cur­rently jointly owned by Per­badanan Putrajaya and Pulse Group.

The MoU is valid for three months from its date, and may be ex­tended by mu­tual agree­ment.

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