00:00The government has set some conditions for SEP or SEB,
00:07including asking the right-hand management to take responsibility before issuing a 1.1 billion ringgit loan,
00:15said Prime Minister Anwar Ibrahim.
00:18Anwar said the step was not to save the big company or its top management,
00:24as stated by certain parties.
00:27On the contrary, the step was to help 2,000 vendors, 80% of whom are earth workers.
00:35Yesterday, the SEP announced that it would issue an investment of 1.1 billion ringgit
00:40through a loan that can be transferred at a nominal value by Malaysia Development Holdings Independent
00:49or MDH.
00:51MDH, a special purpose company, the Minister of Finance, said the investment would only be used
00:59for settlement or payment of debts by the SEB Group to service providers operating in the oil and gas sector in Malaysia.
01:12Anwar also stated that the audit process has been carried out and the implementation of additional rules will be carried out as a condition.
01:20Sarwar Amiyashahir, FMT.
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