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S'gor takes over 2 more water concessionaires

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The Selangor government has taken over two more of the state's water concessionaires today, without the Federal Government invoking the Water Services Industry Act or Wa-Sia.

In a statement today, Puncak Niaga Holdings Berhad has agreed to let Selangor take complete control of Puncak Niaga Sdn Bhd or PNSB for 2.47 billion ringgit, and Syabas 3.11 billion ringgit.
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