MTD Capital targets toll road

jobMTD Capital Bhd, KUALA LUMPUR is confident of securing the RM2.2bil Colombo-Kandy toll road project.
Talks with the Sri Lankan government were in the final stages and the company hoped the project would be awarded by the end of the first quarter, group executive chairman Datuk Nik Hussain Abdul Rahman said after the MTD ACPI Engineering Bhd EGM yesterday.
The EGM approved the proposed private placement of 9.5 million shares to Lembaga Tabung Haji that would increase MTD ACPI's paid-up capital to RM231.6mil from RM222.1mil. The exercise will raise up to RM19.5mil for the group's working capital. “The extra capital would be utilised to fund on-going business,” Nik Hussain said.