Ab Rauf Yusoh says action will be taken if they cannot be independent and do not have sustainable business plans.
Ab Rauf Yusoh said a holistic assessment is being carried out on the potential of the 67 state subsidiaries in Melaka.
Rauf said a holistic assessment of the 67 subsidiaries’ potential and progress is being conducted, and their operations will cease if it is determined that they cannot be independent and lack sustainable business plans. “We have identified the uncompetitive subsidiaries and will give them the opportunity to present their business plans.
Rauf said employees at the affected subsidiaries will be transferred to other subsidiaries that are more competitive and capable of generating income and profits.
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