Yayasan Selangor asset sales not due to Covid-19, says Selangor MB | The Malaysian Insight

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Yayasan Selangor asset sales not due to Covid-19, says Selangor MB | The Malaysian Insight
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Yayasan Selangor asset sales not due to Covid-19, says Selangor MB

Selangor Menteri Besar Amirudin Shari says Yayasan Selangor's assets were sold as they were not performing well and were no longer economically viable. – The Malaysian Insight file pic, July 15, 2020.

YAYASAN Selangor assets were sold because they were not economically viable, the state legislative assembly was told today. Selangor Menteri Besar Amirudin Shari said the sale of the foundation’s assets was also a restructuring measure, including to reduce the burden of rental and study debt amounting to RM34 million.

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