Was the TH Corporate Restructuring through the sale of assets to the SPV Company transparent, i.e. there is no compromise on the interests of Muslims including its shariah compliance aspects due to too much scepticism and secrecy in its transactions...

Jawapan

Question : 
Was the TH Corporate Restructuring through the sale of assets to the SPV Company transparent, i.e. there is no compromise on the interests of Muslims including its shariah compliance aspects due to too much scepticism and secrecy in its transactions involving Muslim assets before?

 

Answer:
The full list of TH assets transfer to the SPV was submitted to the Dewan Rakyat on 14 March 2019 and is now available on the official portal of the Dewan Rakyat. On 28 December 2018, TH has already informed the companies listed on Bursa Malaysia where TH can release interest exceeding 2%. This revelation is a source of news reported by the mass media. The TH Restructuring and Rehabilitation Plan was also tabled in the Dewan Rakyat on 10 December 2018 and the document was also distributed to reporters. Confidentiality of this transaction does not arise as all information has been disclosed in Dewan Rakyat and Dewan Negara. For example, the same question on the name of the directors of the SPV has already been stated or answered at the Dewan Negara sitting in December 2018.