Govt of Malaysia has to bail out Tabung Haji again with liabilities moved to Ministry of Finance. i.e. your money and my money and all tax payers' money.
When making money, all go to Tabung Haji account holders. When losing money, you and I have to pay.
$$$$$$$$$ In exchange for the RM19.9bil “underperforming” assets, the government will issue a sukuk (Islamic bond) worth RM10bil and Islamic redeemable convertible preference shares (i-RCPS) worth RM9.9bil through the SPV. $$$$$$$$$
TH holds 105 million Parkson shares since 2013/14 at more than 4 ringgit a share. Now only good for 28 sen. So TH net loss in Parkson alone amount to 380 million.
What about Amsteel Corp Bhd ? Now already delisted and since changed to ACB Resources? Another 3-4 hundred million gone.
Again all these losses will be passed to you and me via Ministry of Finance sukuk......
feel proud to taja Muslim countrymen to perform hajj..........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
3,509 posts
Posted by ks55 > 2018-12-12 14:40 | Report Abuse
Govt of Malaysia has to bail out Tabung Haji again with liabilities moved to Ministry of Finance. i.e. your money and my money and all tax payers' money.
When making money, all go to Tabung Haji account holders.
When losing money, you and I have to pay.
$$$$$$$$$ In exchange for the RM19.9bil “underperforming” assets, the government will issue a sukuk (Islamic bond) worth RM10bil and Islamic redeemable convertible preference shares (i-RCPS) worth RM9.9bil through the SPV. $$$$$$$$$