FEEDLOT's NEW OWNER WILL REPAY GOVT LOAN, SAYS SALLEH

News on the revival of NFC
The new owner of NFC will repay the government loan, according to its chairman

Mohamad Salleh Ismail
and wife Shahrizat Abdul Jalil

The National Feedlot Corporation (NFC) already has a buyer willing to fully settle the outstanding amount the company owes the federal government, says its chairman, Mohamad Salleh Ismail.

He was responding to a statement by Finance Minister Lim Guan Eng today, Monday 20 May 2018 that the government was seekinģ full repayment of RM253.6 million on outstanding loans, interest and late payment charges from the NFC.


On 9 January 2008, NFC received a loan facility of RM250,000,000 from the federal government at an interest rate of 2% per annum, with a loan period of 20 years and a grace period of 3 years, for a project to expand the local beef industry.

NFC chairman Mohamad Salleh Ismail is the spouse of Shahrizat Abdul Jalil, who was a Cabinet minister under prime minister Abdullah Ahmad Badawi's administration.

Abdullah Ahmad Badawi

Abdullah became Malaysian 5th prime minister, succeeding Dr Mahathir Mohamad in 2003. He stepped down in 2009, and replaced by Mohd Najib Abdul Razak.



by Fauzi Kadir
Permadu Malaysia
2019 All Rights Reserved

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