Another Renong type crash in the making?
Tony Pua said today that Syed Mokhtar’s group of companies have a combined debt of RM34.3 billion or more than 10% of all local currency outstanding corporate bonds as at 2011. These companies have a total cash and cash equivalents of RM7.8 billion as at May 2012. Can't brain that..the guy has a virtual monopoly in lots of stuff..Gardenia bread, sugar, Pos Malaysia taking over Penang Port ...etc and still be in debt
“Mastering modern technology is easy; even a Neanderthal can do it...” Besitai 2012