PKNS: Noh Omar wrong on assets sale



The five blurb resources belonging to the Selangor Development Corporation (PKNS) that cupboard apportion Noh Omar purported that the state was offered off have been in truth to be eliminated to the PKNS subsidiary.

According to PKNS emissary ubiquitous manager (corporate) Norazlina Zakaria, the RM321 million value of resources have been to be eliminated to wholly-owned PKNS auxiliary Private Real Estate Company (PREC).
As such, she said, SACC Mall, Menara PKNS Petaling Jaya, Kompleks PKNS Shah Alam, Komples PKNS Bangi as well as Wisma Yakin "will still go to PKNS".

In the make the difference yesterday, she pronounced the pierce is to "streamline the PKNS group's core activities", whereby PREC will focus on investments as well as genuine estate management.

"In suitability to corporate governance good practice, the formation of PREC as well as transfer of resources to it was subject to capitulation of financial cabinet as well as board directors of PKNS...

"This additionally consists of the Finance Ministry as well as the Prime Minister's Department," she said, observant that the Finance Ministry had additionally since written capitulation on the matter.

Norazlina was responding toNoh's challengeto Selangor Menteri Besar Abdul Khalid Ibrahim to rebut his claim that PKNS was offered off RM321 million value of blurb assets.
In the press discussion yesterday, the Selangor emissary liaison arch pronounced that if the MB is such the good administrator, as claimed by PKR de facto leader Anwar Ibrahim, the resources should not be sold.

PKNS confirms IPP, toll investments

Meanwhile, Norazlina additionally confirmed that PKNS has investments i! n indepe ndent energy writer (IPP) Genting Sanyen Power Sdn Bhd as well as main road concessionaire Kesas Bhd.

"However, PKNS is regularly reviewing the investment portfolio as well as is rebuilt to cruise any suggest that will reap reasonable earnings to PKNS," she said.

Umno Youth arch Khairy Jamaluddin in the Dewan Rakyat on Tuesday chided Pakatan Rakyat for hostile IPPs as well as main road concessions, when at the same time PKNS has large shares in these businesses.

PKNS has the 25 percent interest in Genting Sanyen as well as owns 30 percent of Kesas' shares.

Pakatan Rakyat's Buku Jingga promises to slash subsidies to IPPs as well as to remove main road tolls.
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