Another Brick in the Wall
Update on the two previous postings – HERE and HERE on the proposed sales of the Malaysia Building in Hong Kong.
Lim Guan Eng responded to Wee Ka Siong allegation he had mistaken Hong Kong dollar for Malaysian Ringgit to show a letters that could prove there was such an offer. When provoked, the egoistc and hot tempered Guan Eng reacted expectedly.
The Star video below of the press statements of Guan Eng and Ka Siong’s immediate reply.
For more detailed PC, refer to Malaysiakini You Tube of Guan Eng’s HERE and Wee Ka Siong’s reply intentionally uncovered M’kini on his Facebook HERE.
The letter stated RM1.68 billion and was dated January 2019. Strange that Guan Eng did not go to town to gloat as RM1.7 billion.
It is only a letter of interest without a proper valuation report, etc. Basically, it is just broker’s letter of interest without any proof of fund. Dicey ….
A young and well connected businesssman still insist the broker mistaken between RM and HK. Guan Eng failed to check on proof of fund and simply quote. Failed Finance Minister, Mahathir should drop him!
The following opinion in a WA group of young, multiracial and professionals.
1. Najib’s BN direct nego
There was multiple valuation on the said land. Looking at the highest valuation, that 1.1B was the price at that time including premium. Comparison between different timeframe should also be factored in. Hence, RM1.1B easily justified.
Direct nego are acceptable depending on the recommended strategy and existence of opportunity (better option) of the govt at that particular time. Open tender can be costly and time consuming.
Example: If there was an opportunity to purchase or build new consulate in HK, the window timeframe may suggest to accept the said 1.1B offer and purchase/build elsewhere.
READ FULL DISCLOSURE HERE
