Is Mahathir Holier Than Najib


Is Latheefah Koya, newly appointed MACC Chief handpicked by Mahathir personally, capable and willing to investigate this billion ringgit bail-out?Zaedi ZolkafliIn March 1998, Malaysia International Shipping Corp. (MISC) announced that it would buy the assets of Mirzan Mahathir’s shipping company, Konsortium Perkapalan Bhd (KPB). Malaysia’s national petroleum company (PETRONAS) would increase its shares in MISC via share swapped deal nearly RM 6 billion to enable the latter buy over KPB and its Hong Kong-based company Pacific Basin Bulk Shipping Ltd
“MISC will hand over a total of USD 220 million to Mr. Mirzan” plus “take over net debt of USD 311 million from the acquired companies”. Based on current FOREX, an amount of RM 2.18 billion was used to buy out Mirzan’s interest in the debt ridden shipping company. “Mr. Mirzan revealed that the sale would reduce his company’s debt to almost zero”
Prime Minister Mahathir was at the time PETRONAS advisor. This “politically motivated rescue” using state funds was objected by his then deputy Anwar Ibrahim who was Finance Minister that led to the latter’s sacking from Government by the time the deal was wrapped followed by his false imprisonment, while Mahathir himself took charge of the Finance Ministry. Was Hassan Merican (then PETRONAS CEO cum MISC Chairman) acting on orders from his Boss
Is Latheefah Koya, newly appointed MACC Chief handpicked by Mahathir personally, capable and willing to investigate this billion ringgit bail-out
STORY SOURCEWall Street Journal Report
MISC to Pay $220 Million (RM900m) Million Price For Assets From Mahathir’s Son
By : Chen May Yee Staff Reporter of The Wall Street Journal
Updated May 1, 1998KUALA LUMPUR, Malaysia — Easing fears of an expensive, politically motivated rescue, a state-controlled shipper said it would pay $220 million for assets from Prime Minister Mahathir Mohamad’s eldest son, a price many analysts called fair
When Malaysia International Shipping Corp., or MISC, in March said it would buy the shipping assets of Mirzan Mahathir’s company, Konsortium Perkapalan Bhd., whose primary activity is providing container-haulage services, it provoked accusations of a bailout, especially since Mr. Mirzan revealed that the sale would reduce his company’s debt to almost zero. Many analysts viewed the deal as another example of the rescues that have put in doubt Malaysia’s commitment to face its economic troubles, mainly by using state funds to help sickly private companies
These analysts came away happier Thursday. “Yes, [MISC is] helping out Mirzan, but they are not paying a hefty price for it,” said Alan Inn, an analyst with Caspian Securities. “MISC got away quite nicely,” he added
“The entire exercise will make MISC a stronger organization,” said MISC’s chairman, Tan Sri Hassan Marican, who is also president of state oil company Petroliam Nasional Bhd., or Petronas
“Overall,” he added, “it is a fair deal for everyone.”The entire deal comes in several parts. MISC will buy the entire share capital of Petronas Tankers Sdn. Bhd. from Petronas by issuing 859.91 million new MISC ordinary shares of one ringgit (26.8 U.S. cents) each at 6.96 ringgit per share to Petronas. This will result in Petronas owning 62.01% of MISC, from 29.34% currently
MISC will also buy Hong Kong-based PNSL Ltd., formerly known as Pacific Basin Bulk Shipping Ltd., from Konsortium Perkapalan, or KPB, for US$55 million. Analysts described the price as low but fair considering the expected hit the company’s business will take from the Asian economic turmoil in the next few years. Mr. Mirzan had bought Pacific Basin in 1996 for US$230 million
In addition, MISC will buy the assets of KPB’s Malaysia-based PNSL Bhd. for US$165 million. Mr. Mirzan purchased PNSL Bhd. for 247.4 million ringgit from a state agency in 1992. The higher price MISC is paying partly stems from the charters and therefore fixed revenues these assets come with
That means MISC will hand over a total of $220 million to Mr. Mirzan. That figure is just below the range of $224 million to $313 million at which the assets were valued by an independent appraiser appointed by MISC’s bankers. That valuation assumed that MISC would also take over net debt of $311 million from the acquired companies
Tan Sri Hassan said the parties expect to wrap up the deal by the end of August, subject to regulatory approval. MISC will pay for the deal partly from internal funds and partly from borrowings, he added


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/08/is-mahathir-holier-than-najib_6.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kno

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Najib Camp Drops Bombshell Husni One Of The Moles Planted By Mahathir To Bring Down 1mdb So That Najib Could Be Toppled

Najib Camp Drops Bombshell Husni One Of The Moles Planted By Mahathir To Bring Down 1mdb So That Najib Could Be Toppled

papar berkaitan - pada 9/8/2019 - jumlah : 293 hits
Yes Husni must go back to court and tell the judge he has more to tell What he has told the court so far is just about what happened in 2016 He must tell the judge he now wants to relate to the court what happened in 2014 and 2015 as well a...
Mahathir S Obsession In Sending Najib To Jail

Mahathir S Obsession In Sending Najib To Jail

papar berkaitan - pada 28/7/2019 - jumlah : 269 hits
PRIME Minister Tun Mahathir Mohamad seems hell bent to get Pekan MP Najib Razak by hook or by crook Mahathir can t forgive Najib for sure As the country s 6th Prime Minister Najib stood up against Mahathir and pushed him to the corner Mahat...
Maksud Sebenar Cash Is King Fantasticlah Najib Ini Sindir Tun Mahathir

Maksud Sebenar Cash Is King Fantasticlah Najib Ini Sindir Tun Mahathir

papar berkaitan - pada 9/8/2019 - jumlah : 362 hits
Tun Dr Mahathir Mohamad membidas Datuk Seri Najib Tun Razak kerana menyifatkannya tersalah tafsir maksud sebenar Cash Is King Pada masa sama Perdana Menteri mempersoalkan kenapa Najib tidak berkata demikian pada waktu itu Beliau juga menyif...
Isu Tempat Duduk Najib Itu Lah Tempat Dia Tun Mahathir

Isu Tempat Duduk Najib Itu Lah Tempat Dia Tun Mahathir

papar berkaitan - pada 2/8/2019 - jumlah : 376 hits
Perdana Menteri Tun Dr Mahathir Mohamad ketika ditanya berkenaan dakwaan Najib bahawa kerusinya ditukar berkata beliau tidak tahu menahu mengenai kedudukan kerusi bekas perdana menteri Datuk Seri Najib Razak sewaktu pertabalan Yang di Pertu...
Kit Siang How To Make Smoke Without Fire Santiago Mahathir Like Najib

Kit Siang How To Make Smoke Without Fire Santiago Mahathir Like Najib

papar berkaitan - pada 13/8/2019 - jumlah : 483 hits
Authorities should review PR of Zakir Naik inciting racial religious tension in Malaysia Kit Siang said Zakir s remarks portrayed Indian as ungrateful to PMdespite benefits they enjoyclaimed local Indian more supportive of Modi than their o...
Dr Mahathir Salah Faham 039 Cash Is King 039 Kata Najib

Dr Mahathir Salah Faham 039 Cash Is King 039 Kata Najib

papar berkaitan - pada 8/8/2019 - jumlah : 265 hits
Dr Mahathir salah faham cash is king kata Najib Dikemas kini 13 minit yang lalu Diterbitkan pada 7 Aug 2019 11 51PM
Mahathir S Manouver For Najib Not To Attend Coronation

Mahathir S Manouver For Najib Not To Attend Coronation

papar berkaitan - pada 30/7/2019 - jumlah : 271 hits
Daulat Tuanku Despite hue and cry over resistance by a Chinese printing company to give workers off day all plans for the official coronation of the new Seri Paduka Baginda Yang DiPertuan Agong went according to schedule and ran smoothly Al...
Jho Low Said Najib Refused To Close His Ambank Accounts Court Told

Jho Low Said Najib Refused To Close His Ambank Accounts Court Told

papar berkaitan - pada 6/8/2019 - jumlah : 319 hits
Joanna Yu former AmBank relationship manager was a witness at the Najib Razak trial KUALA LUMPUR A former banker told the High Court today that fugitive businessman Low Taek Jho better known as Jho Low had informed her that Najib Razak did ...
Pas Mocks Madani Gov T After Pmx Loosely Faulted Rushed Flawed Trials Of High Profile Cases Post 2018 Ge

Sah Kes Najib Razak Cacat

Icac Found No Case Rahman Dahlan Defends Musa S Appointment

Slot Qris Explained The Key To Faster And Safer Gaming Transactions

Tenure Of Sabah Sarawak S Top Judge Extended Says Source

Rahsia Kawal Gula Dalam Darah Supaya Tak Melompat Lompat Lagi

Tremendous Nadi Collaboration

Kebaikan Rawatan Rendaman Kaki Bersama Garam Bukit Dan Ais Batu


echo '';
Senarai Lagu Tugasan Konsert Minggu 6 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 5 Gegar Vaganza 2024 Musim 11

10 Filem Drama Seram Melayu Berhantu Terbaru 2024 2025 Mesti Tonton

One In A Million 2024 Senarai Peserta Juri Format Pemarkahan Hadiah Dan Segala Info Saksikan Live Di TV3 Malaysia Dan Tonton Calpis Soda OIAM

Info Dan Sinopsis Drama Berepisod Cinta Bukan Milik Kita Slot Samarinda TV3


Melawat Ke Sand Dunes Di Tottori Jepun

Salam Dalam Salat Jenazah Sekali Atau Dua Kali

10 Praktik Keberlanjutan Yang Wajib Diterapkan Di Tahun 2025

10 Perusahaan Rental Mobil Pontianak Resmi Update 2025

Pelajari Kesalahan Trader Pemula Untuk Persiapan Trading Profit Maksimal 2025

Helikopter Terhempas Di Hospital Di Turkiye Empat Maut