00:00 Q. Could you share some of your views on the private-private deal coming from Kazanat? How will this help our efforts?
00:15 The first is the decision from Kazanat. It is not a decision of the Ministry of Transport.
00:22 The Ministry of Transport is just a regulator.
00:24 MHB, the major shareholder of course is Kazanat.
00:28 They have decided to take MHB private from the share market.
00:34 The decision is made by Kazanat.
00:49 Kazanat is our strategic asset manager for the government.
00:57 Of course we support the move by Kazanat.
01:00 As I said, this is not a sale.
01:04 This is something that I think needs to be rectified.
01:07 There are some statements that Kazanat is selling MHB to a foreign company.
01:12 No.
01:13 We take it private means that this consortium will control MHB more.
01:18 At this time, the government is not controlling the shareholding in MHB.
01:24 Because it is an open market.
01:26 In the share market, Kazanat plus EPF is 40 over percent.
01:29 So after this consortium is taken private,
01:33 Kazanat and EPF will form a consortium and they will control the majority share in MHB.
01:40 So that will help in the implementation of MHB's 7th Hara with more speed.
01:46 Because now it is a public listed company.
01:49 Whatever decision we want MHB to implement,
01:53 it needs to be endorsed or approved by the executive board.
01:58 Sometimes they have a different view from the government.
02:02 Because they have independent directors and so on.
02:06 So when it is taken as a private entity,
02:10 taken by Kazanat and EPF as a strategic asset of the government and the country,
02:17 I am sure that various strategic decisions can be implemented more quickly.
02:22 You mentioned that the information you presented is an assumption.
02:32 So it is no longer an assumption.
02:34 So my question is that, is this information new to you?
02:38 No, what I said stands.
02:40 His information was wrong.
02:42 He said we are selling.
02:43 Where is the information that we are selling?
02:45 We are not selling.
02:46 MHB is not selling.
02:48 Kazanat is not selling MHB.
02:50 In fact, through this exercise, Kazanat will increase our stakes in MHB.
02:56 So what I said about the 1.51 refute, is true.
03:00 He said we are selling.
03:01 I said we are not selling.
03:02 He has an assumption that we are selling.
03:04 This exercise does not mean that Kazanat is selling MHB's stake.
03:08 In fact, Kazanat and EPF is increasing the stake in MHB.
03:12 So what I mentioned in Parliament stands.
03:16 I did not mislead Parliament.
03:18 Dear, you mislead Parliament.
03:20 So his assumption, until today he is talking about we are selling and he is misleading the public.
03:30 He does not understand the exercise.
03:34 [End of Audio]
03:36 [Silence]
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