Is Scomi still keen? Chan Kong Choy, the Transport Minister, said last night the Government is studying a takeover of KTMB. nDefinitely worth tracking this one. [Govt mulls proposal to takeover KTMB - Chan, Bernama.]
People may put down the railway company but they know it has a HUGE landbank. At the last count, it had some 31,000 acres throughout the country. That's excluding the most coveted property in Singapore: 536 acres of land right in the middle of the island republic. Which is about twice the size of the site of Penang's proposed new city centre!
Not too long ago, Kamaluddin, Abdullah Badawi's son, was said to be eyeing KTMB for his company Scomi. The talk died down after Tun Dr Mahathir Mohamad spoke of it at a press conference at the height of his spat with the Prime Minister.
Is he still eyeing it?
Screenshots has a posting on Money Trains, which features Scomi prominently.
Sunday, July 08, 2007
Govt mulls KTMB takeover
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