PETALING JAYA: Former prime minister Najib Razak today questioned the sale of Khazanah Nasional Bhd stakes in core holding companies at a time when the share market is down.
In a Facebook post, he said Khazanah was the largest shareholder in CIMB Bank, telecommunications company Axiata, UEM Edgenta, and UEM Sunrise, which were classified as strategic companies beneficial to the country under the Barisan Nasional administration. However, in December last year, Khazanah began selling 63 million units of CIMB shares to anonymous buyers at RM5.78 per share unit, with a profit of RM364 million.
“Now these companies have become commercial assets to be sold. If the 63 million share units were sold during good times at RM7.30 per unit, we could have gained RM460 million,” Najib said. He included in his post a graph showing CIMB’s share price at RM7.30 before the May 9 polls last year, saying prices had dropped since Pakatan Harapan took over the government.Subscribe to our newsletter and get news delivered to your mailbox.
Biasalah kerajaan PH jual negara. Sijil pun tipu apa lagi yg mereka mampu buat jual aset jer lah yg mereka pandai.
Is he teaching how a duck to swim?🤔😁
Actually, assets should be hidden as your own in your houses when nobody’s looking. But you know how focked up that worked for you.
I don't care about what uncle Najib says. I'm concerned about how uncle Najib got RM2.6b in his personal AMBank account, how Altantuya's immigration record disappeared from Immigration Dept's database.