Puncak Niaga

Here is an interesting news comments link.

Puncak plans cash reward for shareholders

A Puncak Niaga's director has confirmed that such a plan was discussed at a board meeting yesterday, but he declined to reveal further information

Here are some issues.

A director of the company, who spoke strictly on condition of anonymity, confirmed that such a plan was discussed at a board meeting yesterday, but he declined to reveal further information.

Hmmm... correct me if wrong but isn't this director LEAKING out insider news?

Hey, is this even allowed???

Puncak Niaga is also awaiting a bumper cash payment from the Government via a 15 per cent automatic payment which was supposed to kick off in January this year.

Under the agreement, if Puncak Niaga did not receive the increment on time, the payment would be backdated when the Government increases the water tariff and Puncak Niaga will also receive some form of cash compensation from the Government for being patient.

The big bumper cash Puncak that Puncak is waiting for...

But....

There was an article on The Edge yesterday evening.

Puncak mulls RM1.25 per share capital repayment
By Thomas Soon, 12 Oct 2006 8:51 PM

Puncak Niaga Holdings Bhd shareholders are expected to be rewarded with a bumper cash payout of RM1.25 per share on the prospects of its assets and debts being taken over by Finance Ministry-owned Pengurusan Aset Air Bhd (PAAB). MORE

This part of the article..

Energy, Water and Communications Minister Datuk Seri Dr Lim Keng Yaik said on Oct 10 that the government would soon start to take over the assets and debts of water service operators via PAAB.
He said the pilot project would see PAAB taking over the water assets in Melaka and Negeri Sembilan by year-end via agreements with the state governments. PAAB is now talking to other state governments and "other operators like Ranhill Utilities Bhd and Syabas (have indicated interest as well)." Puncak Niaga holds a 70% stake in Syabas.
Although the new water management arrangement will turn concessionaires into mere water services operators, an analyst said Puncak Niaga would, however, still be a main water player in the country.

The govt to take over Puncak's debts and Assets????

Errr... is this even possible???