Wee: Why is a fashion firm an SPV shareholder?


  • Nation
  • Sunday, 14 Jan 2018

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.

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