PKNS assets merger approved by Treasury, says Selangor MB

TANJUNG KARANG, Oct 28 — The merger of five assets belonging to the Selangor State Development Corporation (PKNS) into a single group asset to be transferred to a wholly-owned subsidiary of PKNS had received the approval of the Federal Treasury.

Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim (picture) said thus there was no necessity for him to reply on the issue raised by several parties because the PKNS deputy general manager (corporate) Datin Paduka Norazlina Zakaria had already given a reply on the matter.

He was commenting on the call by Agriculture and Agro-based Industry Minister Datuk Seri Noh Omar for Abdul Khalid, who is also the PKNS chairman, to give a full explanation on the claim that the PKNS board of directors had approved the sale of the five PKNS assets worth RM321 million.

Noh said the five assets were Menara PKNS Petaling Jaya worth RM90 million, Shah Alam Convention Centre (RM97 million), Shah Alam PKNS Complex (RM85 million), Bangi PKNS Kompleks (RM42 million) and Wisma Yakin Kuala Lumpur (RM7 million).

Noh, who is also the Selangor Barisan Nasional deputy chairman, made the call at a function, here today. — Bernama