MCA has urged a Selangor supervision to insist since it chose to "burden" a profit making GLC in a acquisition of Talam Corporation Bhd assets.
Its executive committee partial of Chua Tee Yong pronounced "debt-free" Permodalan Negeri Selangor Berhad (PNSB), wholly-owned by a state, is right away saddled with a RM230 million debt with an interest of RM86 million since of a acquisition.
"The (plots) land sold to PNSB consists of Bukit Beruntung 2 and Bestari Jaya, totalling to RM450 million ," pronounced Chua, who pronounced he was unknowingly of a repayment duration for a loan.Selangor had acquired RM676 million in assets from Talam as partial of a complicated debt restructuring practice in 2010.
The pierce was undertaken to redeem RM392 million owed by Talam to three state agencies during a previous BN administration.
[More to follow] Read More @ Source
More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
No comments:
Post a Comment