The proposed RM2 billion terminal – but not enough funds for public transport? (Image from penangsentral.com.my)
Worried about low EPF dividends?
Here’s some food for thought.
Did you know that EPF is somehow associated with Penang Sentral?
Note 47 of the EPF Annual Report for 2007 shows a list of the EPF’s associated companies. Among them is Penang Sentral Sdn Bhd and it shows that the EPF has an effective equity interest of 100 per cent.
The principal activities of the firm are described as “pre-operating”.
It was reported last June that the RM2 billion Penang Sentral transport hub would be jointly developed by Pelaburan Hartanah Bumiputera Berhad and MRCB. The mega project was scheduled to be completed in 2015.
The EPF also has an equity stake in a few other MRCB companies.