PKR claims that a profitable government-linked company (GLC) is being sold to a company owned by businessperson Syed Mokhtar Albukhary without an open tender.
The party’s director of strategy Rafizi Ramli says that the GLC, Composites Technology Research Malaysia Sdn Bhd (CTRM), has orders worth RM8.26 billion over the next five years.
However, a 96.8 percent stake in the company is being sold to DRB-Hicom Defence Technologies Sdn Bhd for only RM298.3mil, according to a filing in Bursa Malaysia on Feb 19.
[More to follow]
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.