CORRECTED - CORRECTED-Malaysia Gamuda says Splash gets $844 mln buyout offer

(Corrects Gamuda's ownership in Splash in lead paragraph to 30 percent, not 40 percent)

KUALA LUMPUR, June 27 (Reuters) - Malaysia's construction-to-utilities group Gamuda (GAMU.KL) said its 30 percent owned unit Splash has received a new offer worth 2.975 billion ringgit ($844.2 million) from Selangor state.

Splash owns a 30-year water concession in Selangor.

The offer price comprised of Splash's equity value of 1.579 billion ringgit and liabilities of 1.396 billion ringgit which were based on one-time net book value, Gamuda told the stock exchange late on Friday.

Splash has until June 29 to decide if it is accepting the offer, said Gamuda.

The takeover of Splash by the Selangor state government was part of a federal government plan to nationalise the country's fragmented water industry.

Selangor has to conclude the water asset buyout in the state by a June 30 deadline to fend off a 37 percent water tariff hike by the concessionaires.

Similar offers were made this week to two other concessionaires Kumpulan Perangsang (KPSB.KL) and Puncak Niaga (PNHB.KL). [ID:nKLR491433] (Reporting by Soo Ai Peng; Editing by Bill Tarrant)