However, the Transport Ministry noted that the government did not bar any parties from submitting proposals to redevelop existing projects or developing new assets.
PETALING JAYA: The government has confirmed that there has been no decision to sell Sultan Abdul Aziz Shah, Subang Airport (LTSAAS) despite reports over such a proposal reported in the media.
In separate statements, the Transport Ministry and Finance Ministry said the government had no plans to sell any part of the airport to the private sector.
However, the Transport Ministry noted that the government did not bar any parties from submitting proposals to redevelop existing projects or developing new assets.
SPX To Sell SPX Transformer Solutions To GE-Prolec Transformers For $645 Mln Cash
FAIRFIELD (dpa-AFX) - SPX Corp. announced Wednesday that it has entered into a binding agreement to sell 100% of the issued and outstanding stock of its wholly-owned subsidiary, SPX Transformer Solutions, Inc., to GE-Prolec Transformers, Inc., a subsidiary of a joint venture between General Electric Co. (GE) and Xignux S.A. de C.V. for a cash purchase price of $645 million.
SPX anticipates that after taxes on a gain from the sale, net proceeds will be approximately $540 million. The purchase price is subject to customary net working capital and similar adjustments at closing.
Exclusive: China pushes Huarong to sell non-core units, mulls implicit support - sources
Reuters | Jun 05, 2021 12:23 AM EDT
The logo of China Huarong Asset Management Co is seen at its office in Beijing, China, (Photo : REUTERS/Thomas Peter/File Photo)
China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.
Regulators are pressing the state-controlled bad bank , which has been trying to restructure since 2018, to sell units including a bank, a trust, an investment firm and a consumer finance firm, the sources said.