Malaysia Airports, Time dotcom, Proton revamp by year-end - Khazanah

Malaysia Airports, Time dotcom, Proton revamp by year-end - Khazanah
01/06/2007 18:28:00
KUALA LUMPUR (XFN-ASIA) - Government investment firm Khazanah Nasional Bhd said
the three government-linked companies that have not been successfully
restructured to-date, namely Proton, Malaysia Airports and Time dotcom, will
have to resolve their respective revamps before the end of the year.
Khazanah managing director Azman Mokhtar said he wants the companies
restructured before the end of the year, if not sooner.
Commenting on Time dotcom's restructuring, Azman said the financially-troubled
firm is "a very challenging asset."
"It has been speculated and we confirm that there has been interest shown (by
interested parties) in buying Time dotcom's 3G assets," Azman said, adding that
Khazanah will study all the options available including the sale of Time
dotcom's telecommunications assets, the 3G license and stakes in the company.
He, however, declined to identify the parties that have expressed their
interests in Time dotcom.
Meanwhile, Azman said Malaysia Airports is still waiting for the government's
approval with regards to its restructuring.
He said the government has been very supportive and a decision is expected to
be made soon.


Source: osk wirenews