KUALA LUMPUR: The government will do away with holding golden shares in government-linked companies (GLCs) if it found to be necessary, said Prime Minister Tun Dr Mahathir Mohamad.
However, it will only do that after conducting a proper study on each case.
“For example, 1Malaysia Development Bhd (1MDB) is not doing what it promised to do, such a case, the government needs to take over,” he told reporters after attending Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) Integrity Forum 2020 here today. -Bernama
source https://www.thesundaily.my/business/govt-will-do-away-with-golden-shares-in-glcs-if-necessary-tun-m-AB1892075
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