PETALING JAYA: Kumpulan Perangsang Selangor Bhd’s (KPS) 20% associate company, System Penyuraian Trafik KL Barat Holdings Sdn Bhd (Sprint Holdings), has accepted the conditional offer for the acquisition of the entire stake in System Penyuraian Traffik KL Barat Sdn Bhd (Sprint).

       KPS said the written acceptance was delivered by Sprint Holdings to Amanat Lebuhraya Rakyat Bhd (ALR) – the offeror – yesterday.

       “Sprint Holdings expects to commence negotiations with ALR to finalise the terms and conditions of the definitive agreement for the proposed disposal and execute it,” it said in a Bursa Malaysia filing. — Bernama