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Puncak shares up after RM1.55b sale of water rights, plants

Kuala Lumpur

THE shares of Puncak Niaga Holdings rose 4.4 per cent to RM3.60 apiece on Wednesday after the Selangor water concessionaire sold its concession and water treatment plants to the state government for RM1.55 billion (S$601 million).

The transaction marks the first of a...