The Talam Corporation white paper was today released to the public in a bid to put to rest doubts over the Selangor state government's debt recovery exercise from Talam.
It has been framed by MCA young professionals bureau chief Chua Tee Yong, as a bailout of the company.
The white paper which was first tabled at the Selangor Legislative Assembly yesterday, rubbished MCA's claims that the state government had bought over Talam assets.
"This is not a bailout but a pure debt recovery exercise. No payment in cash or kind has ever been made to Talam or its land or properties," it asserted.
Instead, it said the reverse was true as Talam had disposed its assets to the state government to clear up its debts.
Chua had rationalised the "bailout" by claiming that the state government had not only purchased Talam assets but at overvalued prices.
It has been framed by MCA young professionals bureau chief Chua Tee Yong, as a bailout of the company.
The white paper which was first tabled at the Selangor Legislative Assembly yesterday, rubbished MCA's claims that the state government had bought over Talam assets.
"This is not a bailout but a pure debt recovery exercise. No payment in cash or kind has ever been made to Talam or its land or properties," it asserted.
Instead, it said the reverse was true as Talam had disposed its assets to the state government to clear up its debts.
Chua had rationalised the "bailout" by claiming that the state government had not only purchased Talam assets but at overvalued prices.
[More to follow]
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.