I'll quit politics if EPF lost money in MAHB deal, says DAP MP

Free Malaysia Today

Chong Zhemin argues that EPF made a profit by reportedly buying MAHB shares at RM2, selling them at RM5, and later repurchasing them at RM11, expecting the price to rise further.  Read More:  https://www.freemalaysiatoday.com/category/nation/2025/02/05/ill-quit-politics-if-epf-lost-money-in-mahb-deal-says-dap-mp/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2025/02/05/saham-mahb-buktikan-kwsp-rugi-saya-akan-bersara-ahli-parlimen-kampar-cabar-wee/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #ChongZhemin #WeeKaSiong #EPF #DewanRakyat

Transcript

00:00Don't play with this issue. I want to try, if it is true, can prove that EPF lost RM1, I am here to announce that I will grow from politics.

00:13There is a person who is smart, who made a video, two videos, I saw him make, two videos, and now,

00:20he said, the EPF lost RM500 million because it sold MHB shares.

00:27When I saw that video, I was surprised, how can EPF lose when it sold MHB shares?

00:34EPF bought RM2, he said, when EPF sold RM5, then bought back RM11, he lost.

00:42But I checked, this is not a short sale transaction, this is a long position.

00:46EPF bought RM2, sold RM5, gained RM3, and now bought back RM11, with the expectation that the price will rise again.

00:56So how can there be a loss? Not even a cent loss.

Category

Transcript

Comments

Recommended