How does PKNS refute the RM6.1 billion debt allegations?

Question

Accepted Answer

PKNS Denies RM6.1 Billion Debt Allegations as Misleading

The Selangor State Development Corporation (PKNS) has refuted claims of incurring RM103.69 million in losses and accumulating RM6.1 billion in debt, stating these allegations are inaccurate and misleading. PKNS asserts that presenting these figures in isolation fails to reflect its comprehensive financial standing and overall financial structure.
Financial Position Confirmed as Strong

An independent assessment conducted by RAM Ratings has affirmed that PKNS maintains a robust and stable financial position. This evaluation is reflected in RAM Ratings' continued maintenance of its AA1/Stable/P1 rating for PKNS.
Misleading Perception from Selective Data

PKNS argues that citing specific loss and debt figures without providing context regarding the corporation's financing structure and broader financial health creates a distorted perception. Such selective reporting does not accurately represent the actual facts and circumstances of PKNS' financial situation.
Overall Financial Standing Not Reflected

The corporation emphasizes that the reported figures do not encapsulate PKNS' overall financial position. Presenting these numbers without a complete picture of its financial architecture is deemed to be inaccurate and misleading.

Reading history

Hide →

This history is cleared when the page is closed.

How does PKNS refute the RM6.1 billion debt allegations?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends