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Byline: Presenna Nambiar
IF IT was first about whether Jelas Ulung Sdn Bhd could get financing for its RM26 billion offer for PLUS Expressways Bhd, now it's whether Bank Negara Malaysia (BNM) will approve such a large amount of foreign currency credit.
As at press time yesterday, Jelas Ulung was the better priced bid for the assets of the country's largest highway operator.
UEM Group Bhd and the Employees Provident Fund are offering RM23 bilion, or RM4.60 per share, for PLUS.
Jelas Ulung is believed to have secured a funding from BOCI Asia Ltd, a subsidiary of Hong Kong-based Bank of China Ltd, for the acquisition.
Singapore Business …