Zahid says Felcra chairman, CEO must explain putting Semarak20 in KL on market as agency took loan for building

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FELCRA News

Semarak20,Building Loan,Ahmad Zahid Hamidi

ALOR GAJAH, Nov 7 — Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi will instruct the Felcra Berhad chairman and chief executive officer to explain to the Public Accounts...

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Ahmad Zahid, who is also the Rural and Regional Development Minister, said it would be easier to sell the commercial building en bloc at the current market price. “If it is not paid off, it will impose a financial burden on Felcra,” he told reporters after chairing a coordination meeting with all state Exco members in charge of the rural portfolio here today.Yesterday, in its report, PAC expressed concern over the sales performance of the building managed by Felcra Berhad, which is reportedly still unsold, with the proposal currently at the discussion stage with potential buyers.

Four companies were said to have submitted letters of intent to purchase the building. However, Felcra Properties Sdn Bhd is still awaiting these parties to submit price offers for further action.

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