Hence miraculously the government and sadly the public were held ransom by these highway operators. One of them is Lingkaran Trans Kota Holdings Bhd (KLSE: LITRAK, stock-code 6645) which operates the 40 km Damansara-Puchong highway, where the toll rose by 60 percent early 2007. Shareholders or Litrak will be paid RM1 for every share they have, in the form of 93 sen cash under a capital repayment exercise and another seven sen in a single-tier interim dividend for the year ended March 2008. Friday, April 11, 2008
Litrak Capital Repayment
Mahathir Mohamad, the former Prime Minister of Malaysia admitted his Cabinet’s stupidity about a year ago when he said the government has erred in signing the toll concession agreements. Early 2007 he said “This is one of thing that we need to correct. What you have is a cabinet which is not very knowledgeable all the time because it is not made up of experts but politicians (and) some politicians like myself can sometimes be stupid!”
Hence miraculously the government and sadly the public were held ransom by these highway operators. One of them is Lingkaran Trans Kota Holdings Bhd (KLSE: LITRAK, stock-code 6645) which operates the 40 km Damansara-Puchong highway, where the toll rose by 60 percent early 2007. Shareholders or Litrak will be paid RM1 for every share they have, in the form of 93 sen cash under a capital repayment exercise and another seven sen in a single-tier interim dividend for the year ended March 2008.
Hence miraculously the government and sadly the public were held ransom by these highway operators. One of them is Lingkaran Trans Kota Holdings Bhd (KLSE: LITRAK, stock-code 6645) which operates the 40 km Damansara-Puchong highway, where the toll rose by 60 percent early 2007. Shareholders or Litrak will be paid RM1 for every share they have, in the form of 93 sen cash under a capital repayment exercise and another seven sen in a single-tier interim dividend for the year ended March 2008. 
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