|I am damn sick about this Chua , no need rocket scientist to answer your question as like your father said in Debate 2.0.|
I can answer on behalf for DAP, i am just Tom, Dick and Harry.
1) Talam is public listed company, now name change to Trinity. Whatever transaction will be announced in Bursa website and under scrutiny of bursa. If they are doing hanky panky, don't you think bursa can sue them. Unless you think Bursa is toothless tiger.
2) Why must DAP answer, why can't Tony Pua answer on behalf? Tony Pua 1 person can "kau tim" all of you (more than 10 person)
3) You are based on assumption, Tony Pua based on figure in bursa, Which on is accurate?
4) From 1 billion deals, then you reduced. A good example: 1 biji durian cost RM 10, but you bought it at RM 40, the durian is not cost RM 10+ RM 40 = RM 50. Walau wei, kindergarden kids also know how to answer.
5) How come we have this kind of leader? No eye see.
6) So many bad comments on you, link , really shame on you as a chartered accountant. this comment really make me laugh and roll on the floor:
Yap C Seng · Top Commenter
First it was 1 billion RM. Then couple hundreds million RM, now it's 57 million RM. Wait for a few more days and it may go down to zero.
We have to give this young man time for his brain to grasp the amounts. Can't blame him seeing whose son he is.
Chua slams S'gor govt for another 'sweetheart deal'
|Politics & Government 2012|
|Written by Stephanie Sta Maria|
|Tuesday, 10 July 2012 16:02|
This time, the MCA Young Professionals Bureau chief claimed that the Selangor government had agreed on March 12, 2010 to purchase four plots of land spanning 134.34 acres from Talam (now Trinity Corporation Bhd) in Danau Putra, Dengkil, Selangor at RM87.7 million or RM15 psf.
According to Chua, one of the plots, Plot B which encompassed 66.35 acres and priced at RM43.3 million, was fully submerged underwater and required earth-filling works costing more than RM50 million.
Chua, who is also Deputy Minister of the Agriculture and Agro-based Industry, said that Plot B was auctioned by Bangkok Bank Bhd on Sept 7, 2010 in the Shah Alam High Court at a reserve price of RM15 million or RM5.20 psf.
The auction contract provided by Chua confirmed the purchase price of RM15 million and showed the land was sold to a buyer from Bandar Sunway.
"Compared to the acquisition price of RM43.3 million, the Selangor state government has paid a higher price of RM28 million or 286% more for this underwater land," Chua, the Labis MP, said at a press conference at the party headquarters on Tuesday.
He further questioned the Selangor government's decision to buy land that is 80% submerged underwater as well as the huge difference between the land's purchase price and auction price.
"If the land is prime land, the auction price doesn't differ very much from the purchase price," Chua said.
He calculated that the Selangor government had overpaid for the Danau Putra land by RM57 million based on the assumption that the other three plots were similarly valued at RM5.20 psf.
Chua, however, admitted that the above figure was an assumption and based purely on the Plot B transaction, as all four plots were adjacent to each other.
"Property is all about location and (my calculation) is based on the most recent (transacted) plot of land," he said.
This is the third in a series of Chua's allegations that the Selangor state government was involved in a "questionable deal" with Talam during a debt recovery exercise in 2010.
Last week, he alleged that the Selangor government had spent RM676 million in acquiring assets from Talam to "bail out" the then financially distressed company in 2010 and had "overpaid" for one of the assets.
Talam Corp announced its change of name to Trinity Corp on Aug 18, 2011.
In response to Chua's allegation, Trinity clarified that it had in fact sold 13 pieces of land valued at RM685 million to the Selangor government at RM676 million to settle its debts.
Petaling Jaya Utara MP Tony Pua of DAP also offered an explanation on Talam's debt restructuring exercise, adding that Chua had failed to differentiate between "buying" assets and "taking over" assets as part of a debt recovery.
When asked about both Trinity's and Pua's responses, Chua said that he had not read Trinity's statement in detail but that whoever mentioned "13 pieces of land" was "definitely misinformed" and "didn't know how to read".
"When I refer to Talam's transactions as assets it is because not all of it is land," he stated. "Some are office lots which form part of the assets."
Chua, meanwhile, dodged the question on Pua's explanation but described him as "misleading" and pointed out that Pua had left many questions unanswered.
"Why is Tony Pua answering for the Selangor state government?" he said. "Why are none of the DAP Selangor exco members stepping out to give an explanation when they should be more aware of this transaction than anyone else?"
"We don't have all the answers and need clarification to avoid problems and guesswork. We don't know when the election will be so we hope all this can be out soon for the rakyat to have a clearer picture of what has happened."