Abu Sahid breaks silence on China firm's RM1.8bil plan to rescue Perwaja


PETALING JAYA: Two months ago, the entry of a steel company from China as a white knight to rescue beleaguered Perwaja Holdings Bhd was uncertain because of Tan Sri Abu Sahid Mohamed.

The man, tasked by the Government to manage Perwaja in the late 1990s, did not give a definite go-ahead nor was he averse to the entry of China’s Tianjin Zhiyuan Investment Group Co Ltd into the loss-making Perwaja.

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