What is the source of the RM103.69 million loss and RM6.1 billion debt claims?

Question

Accepted Answer

PKNS Denies Allegations of RM103.69 Million Losses and RM6.1 Billion Debt

The Selangor State Development Corporation (PKNS) has refuted claims of incurring losses amounting to RM103.69 million and accumulating debts of RM6.1 billion, stating these allegations are inaccurate and misleading. The corporation asserts that these figures do not accurately represent its overall financial standing.
Confirmation of Strong Financial Position

PKNS highlighted that an independent assessment conducted by RAM Ratings confirms the corporation's robust and stable financial health. RAM Ratings has maintained its AA1/Stable/P1 rating for PKNS, indicating a strong creditworthiness and financial stability.
Misleading Perception of Financial Difficulty

The corporation explained that presenting the alleged loss and debt figures in isolation, without detailing PKNS's financing structure and comprehensive financial position, creates a distorted perception. This selective presentation does not align with the actual facts and circumstances of PKNS's financial operations.
Lack of Specificity on Claim Origin

While PKNS has addressed and denied the specific financial figures cited, the provided information does not identify the original source or entity that made these RM103.69 million loss and RM6.1 billion debt claims against the corporation.

Reading history

Hide →

This history is cleared when the page is closed.

What is the source of the RM103.69 million loss and RM6.1 billion debt claims?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends