Quick take: YTL Corp shares stumble after probe report

TheStar Tue, Mar 19, 2019 09:59am - 5 years View Original


KUALA LUMPUR: YTL Corp Bhd shares dropped marginally in early trading Tuesday, as the Public Accounts Committee (PAC) urged the Transport Minister to probe YTL over failed marina project.


YTL Corp shed 1.8%, or two sen to RM1.09.


   

The has urged the Transport Ministry to investigate the role of YTL Corp Bhd in the failure of an RM24.27mil Government-commissioned marina in Pulau Mentagor, Perak that has never been used since its completion.


According to the PAC report tabled in the Dewan Rakyat yesterday, the Government initially wanted to construct the marina in Lumut, but YTL had suggested it be built on the uninhabited Pulau Mentagor, which the company was initially planning to develop.

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