Rafizi: Another GLC going cheap to Syed Mokhtar

KiniTV 2015-08-21

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PKR's Razifi Ramli claims that a profitable government-linked company is being sold without open tender to DRB-Hicom Defense Technology Research Malaysia, owned by Malaysian billionaire, Syed Mokhtar Albukhary.


Rafizi says, Composites Technology Research Malaysia has orders worth RM8.26 billion over the next five years, however, a 96.8% stake in the company is being sold to Syed Mokhtar's company for only RM298.3 million, according to a filing with Bursa Malaysia, last month.

Full story: http://www.malaysiakini.com/news/223279

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