My role in the purchase of the building in 1980.
in our Parliament between the finance minister and a former prime minister about the sale of the Malaysia Building which is located at 47-50 Gloucester Road on Hong Kong Island.
When Razaleigh visited Hong Kong en route to the United States in the second week of December 1979 for the celebration of the third anniversary of the opening of the Bumiputra Malaysia Finance office in Hong Kong, it had been intimated to him that the owners of Lap Heng House were seeking offers for the building. The price mentioned was HK$250 million.
We were then led to believe that Lap Heng House had already changed hands because our government had been too slow in its response. The mission was then aborted. In the meantime, I was not able to convince any of my superiors in Wisma Putra to allow me to negotiate the price. The little Napoleons just would not have it. They would later penalise me for not obeying their orders.
Fong Keh Chong and AB Marbeck of the Valuation Department had earlier valued the property at HK$230 million . KC Vohrah, the then treasury solicitor, had advised me of the correct procedures for the purchase. Mohd Salleh Ahmad of the Ministry of Finance encouraged me to pursue the deal.
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