Merger of 5 PKNS assets approved by Federal Treasury, says Khalid

(Bernama) – The merger of five assets belonging to the Selangor State Development Corporation (PKNS) into a single group asset transferred to a wholly-owned subsidiary of PKNS had received the approval of the Federal Treasury.

Selangor Mentri Besar Tan Sri Abdul Khalid Ibrahim said thus there was no necessity for him to reply on the issue which was raised by several parties because the PKNS deputy general manager (corporate) Datin Paduka Norazlina Zakaria had already given a reply on the matter.

He was commenting on the call by Agriculture and Agro-based Industry Minister Datuk Seri Noh Omar that Abdul Khalid, who is also the PKNS chairman, give a full explanation on the claim that the PKNS board of directors had approved the sale of the five PKNS assets worth RM321mil.

Noh said the five assets were Menara PKNS Petaling Jaya worth RM90mil, Shah Alam Convention Centre (RM97mil), Shah Alam PKNS Complex (RM85mil), Bangi PKNS Kompleks (RM42mil) and Wisma Yakin Kuala Lumpur (RM7mil).

Noh, who is also the Selangor Barisan Nasional deputy chairman, made the call at a function, here on Sunday.