Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Only Minister of Transportation has the power and authority to grant JPJ business to myEG.
I hope u can understand the protocol and L should not have negative thoughts.
Now Minister has more headache than you. Grant then company will continue current project and refuse with unknown reason then company will potentially go default on sukuk.
Investors will incur unknown loss. If u, what decision will make?
Money of 230m definitely returns to JPJ once PDRM clears the picture. To let company survive and avoid sukuk defaults, Minister of transportation should grant myEG to earn fee from JPJ business to continue business except the business is not profitable. If this happens, world bank will not come in as one of the top 30 shareholders according to the last year annual report
The main concern is whether minister of transportation will renew MYEG JPJ license for the company as a cash cow to pay off sukuk coupon to continue digital currency business. If the minister approves, then company will not go default or trigger PN 17
External auditor function mainly gives opinions for the financial year end results and not to review for the quarterly report . So not hurry to appoint external auditor
If this company fails to secure approval from the Minister of Transport to extend its JPJ-related operations—which serve as its sole "golden goose" for generating the funds needed to cover over hundreds million interest payments on its *sukuk*—then investors must brace for the worst-case scenario of your share investment . Given that the Minister of Transport is a public official—appointed by the people to safeguard the public interest—he cannot simply cite the dishonoring of a check as a justification for terminating the company’s contract. Consequently, investors must prepare for the worst; and there is no point in even asking, "Where is TS?"
