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4 comment(s). Last comment by dawstz 2016-10-17 21:54


109 posts

Posted by k55s > 2016-10-01 17:47 | Report Abuse

Previously Duke owned by MRCB. Why must MRCB(majority owned by EPF) sell and 3 years later EPF buy back 4 times higher? Corruption involved?

Note that just three years ago, Ekovest had bought a 30% stake in Nuzen from Malaysian Resources Corp Bhd (MRCB) for RM228mil, valuing the company at RM760mil.


109 posts

Posted by k55s > 2016-10-01 18:00 | Report Abuse

If 2-3 years later when more LRT, MRT complete and DUKE highways traffic reduce can Ekovest buy back from EPF?


310 posts

Posted by 2016v > 2016-10-02 12:16 | Report Abuse

mrcb is a subsidiary of EPF
mrcb sell low
epf buy back at high
haha, screwed twice


52 posts

Posted by dawstz > 2016-10-17 21:54 | Report Abuse

dont think the management and deal makers would mind that...a lot of kickbacks would have change hands...the only one who got screwed is epf subscribers..not that majority of them would know about this deal

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