TH said before the restructuring, TH’s liabilities exceeded assets by RM10bil, preventing it from paying hibah to its depositors under the Tabung Haji Act 1995.
KUALA LUMPUR: Lembaga Tabung Haji (TH) says it has restored its financial health after completing its restructuring plan in May by transferring underperforming assets to Syarikat Urusharta Jemaah Sdn Bhd (Urusharta Jemaah).
Urusharta Jemaah is a special purpose vehicle (SPV) fully owned by the government.
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