KUALA LUMPUR: The National Feedlot Corporation (NFCorp) has failed to repay the 2014 instalment of the RM250mil soft loan given to it in 2008 – and the Government has terminated the contract.
Finance Minister Datuk Seri Najib Tun Razak (pic) said the loan repayment period was from 2012 to 2028, and as of Sept 30 this year, RM34.98mil had been received as the 2012 and 2013 instalments.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
