Bursa
Announcements

Reference is made to the Company’s announcement dated 17 January 2017 in relation to the proposed privatization of the Istana Link, Kampung Baru Link and Kapar Link Expressway (“Announcement”).  Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

Ekovest wishes to announce that our subsidiary, Lebuhraya DUKE Fasa 2A Sdn Bhd (“LDF2A”), had on 5 May 2025 received a letter from the Government on the approval of the proposed privatisation of the Laluan Istana – Kiara Expressway (LIKE) (formerly known as Istana Link) and Kampung Baru Link Expressway (KBL) (“Proposed Project”).

The proposed privatisation of the Laluan Istana – Kiara Expressway (LIKE) and Kampung Baru Link Expressway (KBL) shall be implemented by phases, whereby Project LIKE will be implemented in Phase 1 while Project KBL will be implemented in Phase 2.

1. Phase 1 Project LIKE – The Government and LDF2A shall proceed with signing of the concession agreement after it has been checked and cleared by the Jabatan Peguam Negara; and
2. Phase 2 Project KBL – Unit Kerjasama Awam Swasta (UKAS) shall finalise the salient terms of the concession with the relevant ministries/agencies and LDF2A within a time frame of up to 31 December 2026.

The Company will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Proposed Project. 

This announcement is dated 5 May 2025.