`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Tuesday, January 17, 2017

Rafizi: Shahrir evading facts by rubbishing my maths



PKR vice-president Rafizi Ramli said Felda chairperson Shahrir Samad was being evasive by dismissing the numbers he provided with regard to Felda Global Ventures (FGV).
"He continues to evade by rubbishing the numbers I put forward even though those numbers are based on official reports.
"He also claimed that FGV's delisting on the Bursa was a speculation I came up with, even though he was the one who cleverly revealed his four priorities as Felda chairperson, which was published on the front page of Berita Harian.
"One of those priorities was Felda's delisting," Rafizi said in a press conference in Kuala Lumpur today.
Rafizi had earlier warned that delisting FGV will result in a loss of RM7.8 billion.
He said the potential losses stem from the RM2.9 billion FGV would have to pay out in order to buy back stocks from shareholders; RM2 billion that public funds would have lost from the fall in FGV stock prices; and RM2.9 billion FGV has to spent for payoffs, loan repayments and other expenses.
Shahrir dismissed this warning yesterday, calling it "speculative" and Rafizi's mathematics as "not proper math".
No decision had been made yet on whether FGV will be taken off the stock market, he added.

FGV was put on the stock market in 2012 with an initial public offering (IPO) of RM4.55, widely touted at the time as the second biggest in the world.
Among the major share buyers, besides Felda, were public funds Tabung Haji and the Employees Provident Fund (EPF).
However, FGV share prices tanked over the next several years, and at today's lunch break, FGV shares ended flat at RM1.76.- Mkini

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.