Chua Jr says Talam deal resulted in hefty bank loan

12 Jul 2012 | 1,766 views

MCA has urged the Selangor government to explain why it chose to "burden" a profit-making government-linked company in the acquisition of Talam Corporation Bhd assets.

Its central committee member Chua Tee Yong said "debt-free" Permodalan Negeri Selangor Berhad (PNSB), a wholly-owned subsidiary of the state, is now saddled with a RM230 million debt with an interest of RM86 million because of the acquisition.

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Camera: Fendi Zulkfley

Editing: Azudin Hidzir