PSM objects to proposed sale of Subang Airport
Published
Modified2:35 am
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PSM has raised objections on the proposed selling of Subang s Sultan Abdul Aziz Shah Airport to Subang Skypark Sdn Bhd, arguing that the move would go against public interest.
PSM central committee member Sharan Raj said the proposed sale could expose airport operator Malaysia Airport Holdings Bhd (MAHB) to full market profit-orientated competition, despite its role to support domestic air travel in rural parts of East Malaysia.
He added that neither Subang Skypark s parent company.
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Thursday, 06 May 2021 01:11 PM MYT
BY R. LOHESWAR
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KUALA LUMPUR, May 6 Businessman Tan Sri Desmond Lim is said to be planning a takeover of Subang Airport worth RM3.7 billion.
News portal
The Vibes reported today that Lim the largest shareholder in his listed construction and property development group WCT Holdings Bhd will use its subsidiary company Subang Skypark Sdn Bhd (SSSB) to acquire and operate the airport until 2092.
Lim acquired a 60 per cent stake in SSBB in 2018 after buying over shares previously held by Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with the intentions of redeveloping the land surrounding Sultan Abdul Aziz Shah Airport in Subang.