New investor confident of NFCorp

New investor confident of NFCorp

PUCHONG: The new investor which is set to take over the National Feedlot Corporation (NFCorp) are doing so based on two factors.

First, the investor has assessed the work done by NFCorp and is satisfied with the work done by this agriculture-based corporation.

Secondly, the investor is of the opinion that the media reports on the company was exaggerated.

“The new buyers looked at the project and what we have done so far. They understand there were some problems before but it is a good project,” said a source close to NFCorp.

“We did our best beforehand so they can see that what was in the press before was highly exaggerated. 

“They know the real picture so there are willing to come in to buy the company, pay back the government and then do their best to continue the project.”

“We would have absolutely nothing to do with it after this.”

Yesterday NFCorp chairman Datuk Sri Dr Mohamad Salleh Ismail said that the new investor would be able to settle the debts over RM250 million which was announced by Finance Minister Lim Guan Eng.

Lim also said that the government would be roping in the Attorney General to regain the funds.

Salleh also said that the new investors would be able to settle the debts within three months if the government gave a go ahead for NFCorp to be restructured.

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