Friday 29 Mar 2024
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SINGAPORE (Sept 13): Ongoing trade war has led to reluctance of many big players to reinvest in Asian or emerging nations even in Europe, presenting opportunities for YTL, Executive Chairman Francis Yeoh said in a Bloomberg Television interview with
Juliette Saly at a summit in Singapore.

* YTL has about $12 billion of M&A capabilities; company closed one or two deals in the last couple of months and has “quite a lot on the table which I’ve not seen before”

* YTL would “definitely” make a bid for the delayed Kuala Lumpur-Singapore high-speed rail project when bids reopen, expected around 2020

* Yeoh declines to confirm or deny YTL’s reported interest in LafargeHolcim Ltd.’s sale of its Indonesian unit, PT Holcim Indonesia

* Infrastructure projects are by nature long term and governments shouldn’t flip-flop on it; nations need better infrastructure to take advantage of digital developments

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