That's all this morning's much-heralded encounter between the PAC chairman and our Junior Finance Minister, on the controversial subject of the ECM Libra-Avenue Capital merger, is worth to Bernama. Bah.
He said on the merger between ECM Libra and Avenue Capital, the Finance Minister had explained that there was nothing unusual about the deal since it had obtained clearance from the Securities Commission (SC).Read the rest of the story here.
"To say we are satisfied (with the explanation given) is not right since the PAC consists of representatives of various political parties. We all have a different degree of satisfaction. The government feels that since the SC had no objection and the majority of shareholders of the two companies wanted to merge, then the merger should take place without any interference," Shahrir added.