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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Gadang unit signs large scale solar photovoltaic PPA with Sabah Electricity
Tex Cycle gets Seda nod for 2MW renewable energy plant in Selangor
Haily secures RM97.99mil construction contract st Setia Tropika, JB
Axiata rules out investments in India
Aneka Jaringan unit bags RM31.16mil substructure contract in Penang
Aeon Credit posts net profit jump to RM91.81mil in 3Q
Bursa Malaysia reverses earlier losses to close higher
Sunway Construction unit inks RM570mil data centre job from US-based tech firm
MMC Port, Nize Technology to develop transformation, smart port blueprint
Advancecon unit bags RM19.33mil earthworks job in Kuala Selangor

Others Also Read