28 Sep '17, 5pm

In descend proposal

PUTRAJAYA: The government has asked Maju Holdings Sdn Bhd to disclose its source and mode of financing for its RM36 billion offer to buy Plus Malaysia Bhd, the country’s largest highway concessionaire. Second Finance Minister Datuk Seri Johari Abdul Ghani said if the fund was sourced from overseas, the government must be informed on the type of financial model. This is to prevent the national asset from falling into foreign entities. “We want to know the source of funding… whether it is based on loan or not,” Johari told reporters after launching Fiesta Labur PNB 2017 here yesterday. “If there is any proposal – first things first, we want to know where the funding comes from. If the fund is loan based and they are unable to repay, it would affect the country’s assets, which could potentially fall into foreign investors,” he added. Johari stressed that the government had re...

Full article: https://bigdogdotcom.wordpress.com/2017/09/28/in-descend-...

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