Pungent from a dead cow

FOLKS LET US BE HONEST.

IF YOU HAVE A BILLION RINGGIT WOULD YOU TAKE OVER A DEAD COW.

ME THINK THERE IS A DEEP LEAKAGE SOMEWHERE.

THE FAMILY OF COWS ARE STILL HOLDING DEARLY TO THEIR BELOVED ASSETS IN DAMANSARA, USA, EUROPE, ETC.................AND THE ONE HOLDING THE ASSETS IN NAME IS HAPPILY ENJOYING LIFE IN THE FAST LANE, WHILE A SCAPEGOAT IS IN JAIL.

Japanese firm taking over NFCorp’s assets, liabilities

July 25, 2013

Kirimitonas Agro Sdn Bhd, has agreed to purchase its entire shares and related companies, says chairman Mohamad Salleh.

KUALA LUMPUR: National Feedlot Corp Sdn Bhd (NFCorp) today clarified that Japanese company, Kirimitonas Agro Sdn Bhd, has agreed to purchase its entire shares and related companies, and accordingly take over all the assets and liabilities including the RM250 million loan with the Malaysian government.

Both parties signed the sales and purchase agreement on Feb 21, NFCorp chairman Mohamad Salleh told a press conference here today.

“NFCorp has no knowledge whatsoever of any variations to the original terms and conditions in the agreement, neither has the buyer informed our client anything to the contrary,” he said when clarifying statements made recently by an opposition member of parliament on the matter.

Earlier this month, Pandan MP Rafizi Ramli’s had queried the government’s efforts to retrieve the outstanding amount owed by NFCorp to the government in light of the takeover by the Japanese firm.

Finance Minister II, Ahmad Husni Mohamad Hanadzlan had responded by saying that the government was banking on Kirimitonas to pay off the NFCorp’s outstanding debt to the government.

Ahmad Husni said that Kirimitonas had pledged to take over the scandal-ridden National Feedlot Centre’s (NFC) cattle farm, and the firm was now awaiting the green light from the ministry.

“The company (Kirimitonas) has agreed to repay all of NFC’s outstanding debts. They will repay the whole loan, but will need a grace period of three years…

“So we are examining the company, whether it has the standing [to manage NFC]. If the negotiations are a success, then the company says it will pay of all the debts,” stressed Ahmad Husni during the winding up for the motion of thanks for the Royal Address.