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Gold Bridge proposal precursor to controlling UDA?, BUSINESS TIMES

By Foo Eu Jin
Publication: Business Times (Malaysia)
Date: Friday, March 8 2002


Business Times (Malaysia)

03-08-2002

GOLD Bridge Engineering & Construction Bhd's proposal to buy a 24.93 per
cent indirect stake in UDA Holdings Bhd could be a precursor to the former
taking a controlling stake in the government-owned property group, say
analysts.
"Gold Bridge is in a strategic position to buy more UDA shares from
the Minister Of Finance Inc (MOF) should the latter decide to divest its
holdings in favour of further private sector participation," said an analyst
with a local brokerage.
The analyst contends that Gold

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