Halim Saad & partner to buy PLUS?, now raising bid by 30%
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 Dec 9 2019, 11:13 AM
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#1
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Senior Member
8,651 posts Joined: Sep 2005 From: lolyat  
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Halim Saad was the boss for Renong who control PLUS in the past, after asia financial crisis has to ask for bail out from government, he got money to buy PLUS meh, talk kok sing song ada lah.
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Dec 9 2019, 11:40 AM
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#2
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Senior Member
8,651 posts Joined: Sep 2005 From: lolyat
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QUOTE(Henry T @ Dec 9 2019, 11:15 AM) If he can somehow convince the bankers. You see, these people don't do business with their own money. Halim Saad able to convince banker, joking man.   The shareholders of PLUS which is Khazanah and EPF has better credit profile than this Halim Saad, all this news pop out is to spin off cash cow business to its crony. QUOTE(xtrabite @ Dec 9 2019, 11:19 AM) Become a politician, sell strategic asset to the crony>profitable = keep the asset + let the crony become a ceo with big fat salary 2x5 5x2 jer> not profitable = sell the asset back to government/ glc with higher price so the crony can gain some(i meant a lot). E.g: air selangor. Rakyat? Who cares... they just spending the government money. The only thing good about bijan is, he brings back most of the mamak cronies related companies to the government. Truth hurt macai.. Under Bijan hand, PLUS was privatize and most of profit channel back to government and EPF holder, that arrangement is good for everyone. Now spin to private sector, government might not have any say on the toll charges. |
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