NEWS

Rafizi: Why is China-owned Edra targeting funds from EPF, KWAP?

Lu Wei Hoong

Published
Modified 29 Nov 2017, 8:50 am

Pandan lawmaker Rafizi Ramli believes there is no reason for China-owned Edra Power Holdings Sdn Bhd to target the Employees Provident Fund (EPF) and Retirement Fund Incorporated (KWAP) in its plan to raise RM5.28 billion financing via sukuk for Malaysia’s largest power plant project.

“I am asking (prime minister) Najib (Abdul Razak) to make sure this Chinese investment is truly a Chinese investment. If you say that we sell (Edra) to this Chinese company, then they can bring in the money," the PKR vice-president said in a press conference in Parliament today

“Fair enough, bring their money (but) don't take money from EPF and KWAP,” he added...

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