The Selangor Turf Club's purchase of four million shares in a property company was in keeping with the club's constitution, according to a speech by the club's chairman, Tunku Datuk Seri Shahabuddin Tunku Besar Burhanuddin.
In his address at the Turf Club's AGM yesterday, Tunku Shahabuddin said the Turf Club invested RM20mil, or RM5 a share, in Fountain View Development Bhd.
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