China Petroleum says no funds paid to third parties


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: China Petroleum Pipeline Engineering Co Ltd (CPP) has refuted reports about the allegations of payment of funds to third parties over its pipeline projects in Malaysia.

It said all funds from Export-Import Bank of China (EXIM Bank China) were only paid directly to its bank accounts.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , China Petroleum Pipeline , 1MDB

   

Next In Business News

IGB-REIT likely to maintain organic growth
Pansar secures RM269mil utility contract
Feytech signs underwriting agreement for listing on Main Market
Bursa Malaysia ends higher on improved market sentiment
Sin-Kung targets to raise RM26mil from its IPO
Central bank governor unfazed by peso slump
Sunway gets RM50mil revenue from roadshow
SupportLine
Pop Mart goes full steam ahead to meet growing global demand
Kimlun wins RM150mil deal from Astaka

Others Also Read