KUALA LUMPUR:
Some companies owned by the Ministry of Finance Incorporated (MoF Inc) that have been dormant for years cannot be dissolved yet due to outstanding debts and legal commitments, the Dewan Rakyat was told today.
Deputy finance minister Liew Chin Tong said while some companies had been dormant for more than five years with no management or commercial activities, they could not be dissolved due to financial obligations, such as debts that needed to be settled.
“Furthermore, there are also companies that are undergoing the liquidation process or facing legal…