What specific PKNS financing structures counter the loss claims?

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PKNS Denies Claims of Financial Losses and Debt Accumulation

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

An independent assessment conducted by RAM Ratings has affirmed that PKNS maintains a strong and stable financial position. This is further substantiated by RAM Ratings' continued maintenance of its AA1/Stable/P1 rating on PKNS, indicating a high degree of creditworthiness and financial resilience.
Misleading Perception from Isolated Figures

PKNS has indicated that presenting loss and debt figures in isolation, without context of its comprehensive financing structure and overall financial health, creates a distorted and misleading perception. This selective presentation of data fails to reflect the actual facts and circumstances of the corporation's financial operations.

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What specific PKNS financing structures counter the loss claims?

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