Acquisition of KL Tower management ownership being examined: Fahmi


PUTRAJAYA: The Ministry of Communications and Digital (KKD) is examining the acquisition of the ownership of the management of Kuala Lumpur Tower (KL Tower) from Telekom Malaysia (TM) through its subsidiary Menara Kuala Lumpur Sdn Bhd (MKLSB) by Hydroshoppe Sdn Bhd.

Minister Fahmi Fadzil said he will receive a comprehensive briefing on this matter from TM on Jan 3, 2023 after receiving a detailed briefing on the KL Tower management concession from KKD on Dec 14.

"I understand that the KL Tower management concession is now in its third interim period until Dec 31, 2022 by MKLSB.

"KKD is closely monitoring the issue and is ready to give its full cooperation should the authorities conduct any investigation regarding this issue,” he said in a statement today.

Fahmi said he takes seriously the issues raised on social media as well as questions regarding the takeover of the ownership of KL Tower management from TM through its subsidiary MKLSB by Hydroshoppe. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read