KUALA TERENGGANU: More than 50 Terengganu state-owned subsidiaries that have ceased business operations and are dormant will be wound up to save government spending, said Mentri Besar Dr Ahmad Samsuri Mokhtar.
The winding-up is expected to save hundreds of thousands of ringgit annually that were previously used for the companies’ governance despite not contributing to the state’s economy, he said.
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