Malay Mail·4 min read·medium
Tabung Haji defends 2018 restructuring, says RM10b asset sale prevented insolvency
M
Malay Mail
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Lembaga Tabung Haji has defended its 2018 financial restructuring, asserting that the sale of RM10 billion in assets was essential to prevent insolvency. The fund claims the move was necessary to protect depositors and maintain profit distributions following criticism from a Royal Commission of Inquiry.
KUALA LUMPUR, July 31 — Lembaga Tabung Haji (TH) today defended its 2018 restructuring exercise, saying the sale of nearly RM10 billion worth of assets was necessary to prevent insolvency and protect depositors following the release of the Royal Commission of Inquiry (RCI) report into the pilgrimage fund.
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