KUALA LUMPUR (Feb 2): Gamuda Bhd, Lingkaran Trans Kota Holdings Bhd (Litrak) and Kumpulan Perangsang Selangor Bhd (KPS) have provided an additional month of warranty claim period until end-February for Amanat Lebuhraya Rakyat Bhd (ALR), in response to the demise of ALR chairman Tan Sri Azlan Mohd Zainol.

Gamuda, Litrak and KPS previously sold four highways — Shah Alam Expressway (Kesas), Western Kuala Lumpur Traffic Dispersal Scheme (SPRINT), Lebuhraya Damansara Puchong (LDP) and Stormwater Management and Road Tunnel Project (SMART) — to ALR at an enterprise value of RM5.48 billion.

The warranty claim period was supposed to expire on Jan 31, 2023, when payment of net retention sum was also due.

ALR requested the extension following the untimely demise of Azlan on Jan 12, resulting in its board to be inquorate pursuant to its constitution.

“As a result, the ALR board is not in a position to decide on the warranty claims until a new shareholder or director is appointed,” filings by Gamuda, Litrak and KPS showed.

Hence, the three companies said they are agreeable to provide an indulgence of an additional month up to Feb 28 for ALR to finalise and submit their claims, if any, against vendor’s warranties.

Shares of Gamuda closed eight sen or 2% lower at RM3.84 on Thursday, valuing the construction giant at RM10.06 billion.

Litrak settled half a sen or 1% lower at 51.5 sen, giving it a market capitalisation of RM278.93 million, while KPS closed one sen or 1.4% higher at 70.5 sen, valuing it at RM378.86 million.