PM says govt will do away with golden shares in GLCs, if necessary

"For example, 1Malaysia Development Bhd (1MDB) is not doing what it promised to do, such a case, the government needs to take over, ” he told reporters.

KUALA LUMPUR: The government will do away with holding golden shares in government-linked companies (GLCs), if necessary, said Prime Minister Tun Dr Mahathir Mohamad.

However, it will forego from having golden shares in the selected companies after conducting a proper study on each case.