The map of the East Coast Economic region(Ecer).
KUALA LUMPUR: The shares of Malaysia Rail Line Sdn Bhd (MRLSB) have been transferred to the Minister of Finance (Inc) and Federal Lands Commissioner on Oct 12, 2016, Minister in the Prime Minister’s Department, Datuk Abdul Rahman Dahlan said.
MRLSB is the special purpose vehicle (SPV) set up by the Government to own and operate the East Coast Rail Line.
“However, based on the current Companies Act 1965, a company is not required to submit to the Companies Commission Malaysia (SSM) for registration of any transfer of its shares (Form 32A).
“Therefore, any changes in ownership (based on any transfer of shares) will not be reflected on the SSM system until the said company has lodged the yearly annual return,” he said in his latest Facebook posting on Thursday.
This was in response to Rafizi Ramli, Pandan Member of Parliament, who insisted that MRLSB is owned by two individuals instead of the Government.
Abdul Rahman said two Finance Ministry’s officials who had been named to be the first directors and subscribers for the MRLSB shares were to facilitate its initial incorporation.
He said the two officials were Dr Yusof Ismail and Ahmad Suhaimi Endut. - Bernama
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