Ex-minister Annuar: Menara KL operator's share transfer nothing to do with me, TM not under Comms Ministry

Malay Mail
Malay Mail

KUALA LUMPUR, Dec 28 — Tan Sri Annuar Musa has denied having anything to do with public-listed firm Telekom Malaysia Berhad’s (TM) transferring of shares in October from its subsidiary which manages Menara KL — Menara Kuala Lumpur Sdn Bhd (MKLSB) — to a firm called Hydroshoppe Sdn Bhd.

Annuar, who was previously the communications and multimedia minister from August 2021 to November this year, reportedly said TM as a public firm does not require permission from the minister for share transfers.

“TM was not under the communications minister... it is a publicly listed company,” he was quoted telling news portal Malaysiakini.

“Nothing to do with the communications minister. Go ask TM... if the company was making RM25 million in profit, why didn’t they want to keep it and sell it off,” he was also quoted saying.

Annuar was also reported telling local daily New Straits Times that TM did not come under the purview of the then Communications and Multimedia Ministry.

According to the Companies Commission of Malaysia’s records, Hydroshoppe is a company incorporated in 2008 with a RM1 million capital, and with general trading as its nature of business.

Malaysiakini said the Companies Commission of Malaysia records showed MKLSB’s shareholding change on October 31, when its shareholder TM transferred 10 million units of shares in MKLSB to Hydroshoppe.

Yesterday, Communications and Digital Minister Fahmi Fadzil said the ministry had on December 14 given him a detailed briefing regarding the concession of Menara KL’s management, and that TM will on January 3 give him another briefing on this.

Fahmi said he was made to understand that the concession for the management of Menara KL is currently in its third interim term until December 31, 2022 under MKLSB.

He said his ministry will closely monitor this issue and is ready to provide full cooperation if the authorities carry out any investigation on this matter.