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/
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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
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NewsTranscript
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.