MCA has been criticised for transfering the of ownership Wisma MCA to another party-owned company, which incurs additional costs.

A group, known as the Safeguard Party Assets Committee, said the acquisition of Wisma MCA by newly established Huaren Resources Sdn Bhd meant having to pay allowances to 10 of the company's directors.

"Why would we need to establish another company for this? We just need one company to handle the building.

NONE"Now we have one more company and 10 more board of director members, as well as to pay extra allowance to them. Many quarters have been equating MCA as 'horse stable association'," said committee chief Yew Teong Look.

Yew was making a play on the Chinese name for MCA, which features the word "horse", although in that context it meant "Malaysia".

Wisma MCA, a prized office building located a stone's throw away from KLCC, was reportedly sole by Wisma MCA Sdn Bhd to Huaren Resources Sdn Bhd for RM136 million.

Apart from having to pay the 10 directors, Yew said the sale also incurred tax and that it was not done in a transparent manner. He described the move as an "idiotic move".

Previously, MCA treasurer-general Tan Chai Ho had told the press that the sale of Wisma MCA was part of MCA's tax restructuring efforts, adding that since the party owns both companies involved, there was no real gains.