Jomo says ECRL cancellation can be done without affecting relations with China
"I believe president Xi Jinping, who has been strict on corruption in China, doesn't want his flagship Belt Road Initiative to be mired in controversy," said Jomo.
"I believe president Xi Jinping, who has been strict on corruption in China, doesn't want his flagship Belt Road Initiative to be mired in controversy," said Jomo.
The management of the company received notification that the MoF Inc would like to perform an audit or due diligence on 1MDB.
RM111.1 million will be primarily for the group's business expansion, while the remaining RM55.5 million will go to the selling shareholders via an offer-for-sale.
Kinsteel had been classified as an affected issuer under PN17 in October 2016.
Zeti said PNB is regulated by the Securities Commission Malaysia and, as such, adopts a very strict, rigorous and robust governance process.
The deadline was about a month after TIA issued a letter outlining the key terms of the IMTN programme, dated April 26, 2009.
The initiative will be led by it’s Malaysian subsidiary CPCG Holdings Sdn Bhd, which had inked a MoU with Terengganu Jiangsu Trade Organisation.
This came after Justice Nazlan dismissed Ku Nan's bid to recuse the former from hearing the case.
“(The threats) may come from the previous Government, not necessarily from Najib but his people or supporters..."
...when he said that Low Taek Jho has never worked for 1MDB.