Million-ringgit losses forced sale of companies, Selcat told


SHAH ALAM: Two companies under the Selangor Agriculture Development Corporation (PKPS) were sold off while a third was shut down after suffering millions in losses.

The three companies had received RM90.3mil in federal loans in 2005 and 2006 to develop and commercialise agro-based activities.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

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!
   

Next In Nation

IP on extortion case linked to five cops to be handed over to AGC, says Bukit Aman CID director
MCIS Life and Castrol launch complimentary insurance programme for motorcyclists
KL Monorail back in full service as of 5pm, May 8
Petrol, diesel prices remain unchanged until May 15
No to violence: Bukit Aman monitoring social media for hateful comments
No to violence: Saifuddin denies FAM top management being targeted
Boy, 13, among six nabbed in Lahad Datu over rape of minor
M'sia ready to engage with US on claims of money flowing to Iran and Hamas, says Saifuddin
Msia to get first batch of Roketsan Karaok anti-tank missiles by early 2026
No to violence: Bukit Aman to beef up security following attack on footballers

Others Also Read