PLUS marks 2005 with Asia's first equity placement

Government agency Socso raises $123 million from divestment in toll road operator.

Jackie Horne

January 10, 2005

Malaysia's social security office (Socso) sold 170 million shares in PLUS Expressways yesterday (January 10) in a placement led by CIMB and Credit Suisse First Boston. The deal was timed to take advantage of a potential spike in the company's share price following news that the government has endorsed its scheduled 10% toll rate hike.

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