Bandar Mahkota Cheras unwanted toll: Who is behind Grand Saga?

If the road blocked, The residents have to travel 4 to 6.7km (one way) everyday and pay a RM0.90 toll to go to KL.

Grand Saga was awarded the toll concessionaire in 1995.The major shareholder is member of Lims. Who are they to get this contract of the decade?

In 2007, a restructuring had been done where Cerah Sama controls 100% of Grand Saga. Whereas Cerah Sama is now jointly controlled by Taliworks (55%) and Bunga Abadi Sdn Bhd (45%) (where Bunga Abadi is 100% owned by LGB holdings Sdn Bhd).

Family members of the late Datuk Lim Ah Bak @ Lim Geok Bak (former Vice Chairman of Taliworks Bhd) are major shareholders in LGB Holdings Sdn Bhd, where LGB Holdings Sdn Bhd is the largest shareholders in Taliworks Bhd.

Selangor government-listed infrastructure arm Kumpulan Perangsang Selangor Bhd had a 42% stake in Grand Saga in earlier years. KPSB is believed to have sold its interest in Grand Saga in 1999/2000, before it was listed in 2003.

But still Selangor is directly related to Grand Saga. KPSB hold 20% of Taliworks. The Chairman of Kumpulan Perangsang Bhd, Dato' Haji Abd Karim Bin Munisar, is also the Chairman of Taliworks Bhd. The Managing Director of Kumpulan Perangsang Bhd, Datin Paduka Juma'ah Binti Moktar, is a Director of Taliworks Bhd. On the other hand, LGB Holdings Sdn Bhd also one of the top 10 shareholders in KPSB.

By:- Kenneth L

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