PETALING JAYA: A conform association is a shareholder of a special purpose car (SPV) for a RM6.3bil Penang undersea hovel project, pronounced MCA emissary president Datuk Seri Dr Wee Ka Siong (pic).
“In early 2013, there were allegations that a SPV that was awarded a mega plan was under-capitalised and lacked experience.
“The DAP-led government, in a pierce to encourage a public, released a matter that dual hulk and gifted China construction companies will be shareholders of a SPV and is corroborated by RM4.6bil in paid-up capital.
“But today, a checks uncover that a dual China construction companies are nowhere to be seen as shareholders of a SPV,” he pronounced in a matter on Saturday (Jan13).
He combined that in their place now is a tiny internal conform association called VOIR Holdings while 39% of a shares of a SPV are hold underneath nominees.
Dr Wee, who is also a Minister in a Prime Minister’s Department, questioned if a element change in tenure and knowledge means that a plan endowment done underneath a Request for Proposal practice (not open tender) is now nothing and void.
“The DAP Penang Government contingency answer as a Penang people have a right to know since their mega-billions undersea hovel will now be built with a appearance of a tiny internal conform association instead of dual gifted and well-funded construction companies as creatively promised,” combined Dr Wee.
In response, Penang Works, Transportation and Utilities Committee authority Lim Hock Seng pronounced a state supervision will leave it to a consortium to answer since it can't pronounce for a company.
“I know that a consortium will emanate a matter early subsequent week,” he added.