ADVERTISEMENT

Wee: Why is a fashion firm an SPV shareholder?


GEORGE TOWN: Checks showed that a local fashion company is a shareholder of the special purpose vehicle (SPV) for the RM6.3bil Penang undersea tunnel project and not major Chinese construction firms as promised.

However, in a recent statement to Bursa Malaysia, the company had announced that it was diversifying into construction.

   

ADVERTISEMENT