Defence minister Mohamad Hassan seeks to dispel perception the government is bailing out LTAT.
Defence minister Mohamad Hassan says the government guarantee will help LTAT secure loans from financial institutions because the fund has “many payments to make”.
“The perception that the government is giving LTAT a cash grant is not accurate. We are only facilitating and secure loans from financial institutions because has many payments to make,” said Hassan in parliament today. Anwar’s statement has raised concern among various quarters that the government is contemplating bailing out yet another government-linked entity.
It would then extend an MGO at RM1.55 per share to raise its shareholding to 65% and delist BPlant. LTAT and BHB, which collectively hold a total of 68%, would retain the remaining 35% stake.
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