"It is a private sector initiative and does not involve public money. So let them take the initiative to explain," he said Friday after attending a gathering here with farmers and fisherman from across the country.
KUALA LUMPUR: Tricubes Bhd, which admitted that the RM50mil 1Malaysia e-mail project was a “lifeline” for the financially distressed company, had secured a RM5.3mil financing facility from a venture capital outfit and would have a rights issue to fund the project.
“We have secured an initial investment of RM5.3mil from Mavcap (the Malaysia Venture Capital Management Bhd) and the balance will be funded through equity, debt or a rights issue,” Tricubes chief executive officer Khairun Zainal Mokhtar told a media briefing yesterday.
A bit about MavCAP
... MAVCAP was established in 2001
by the government of Malaysia..
Back to the bitter mood of submitting my tax report for Tricubes, err... i mean for the government of Malaysia.
God bless Balisan in the next GE, they really need a lot of blessings.