ECM Libra FInancial Group Berhad (Khairi) has a stake in Pos Malaysia Berhad.

diciplak dari : harakahdaily

ECM Libra FInancial Group Berhad (Khairi) has a stake in Pos Malaysia Berhad
Dilulus terbit pada Wednesday, June 18 @ 21:46:33 MYT oleh greenboc
Oleh fight4right


POS MALAYSIA POSER

Or how a son-in-law can make 5 million ringgit ...
First things first: Why has Khazanah Nasional been accumulating shares of Pos Malaysia for the last 3 months? It now has in excess of 30 per cent stake in Pos Malaysia, news that drove up its shares to a 7-year high of close to RM5.

[Khazanah will not say why, which is another good reason why there should be full disclosure and why an independent Audit should be brought in to look at Khazanah's books!]

Incidentally, ECM-Libra shareholders are entitled to 1 Pos Malaysia share for every 11 ECM shares. If you remember, Khairy Jamaluddin, the Prime Minister's son-in-law, bought 11 million shares with money borrowed from father-in-law's close aide Kalimullah Hassan (which means he could have been entitled to 1 million free Pos Malaysia shares at the time).

KJ later claimed he sold off all 11 million shares after the whole deal blew up in his face, Kalimullah's face and the PM's face.

Khairy said he lost RM200,000 as a result, remember?

Now, thanks to Khananah Nasional, the boy's 1 million Pos Malaysia shares, assuming he got them and has not disposed of them, would be worth close to $5 million!

And who do you think the chairman of Khazanah Nasional is?