Wednesday, March 29, 2006

WAU - Special Cause???

If you read this statement carefully.

"MAS is slated to spend RM800mil to RM1bil for the exercise to close down its operations in 99 points and trim its workforce and this amount is expected to be paid by the government given that MAS would be "curtailing the widespread asset unbundling (WAU)'' plan".

Keyword here is the "WAU agreement".

Recall that over a month ago, MAS proposed to convince PMB to sell PMB's planes, and even though those planes now rightly belong to PMB, 80% of the money from the sale will come back to MAS! This is allegedly also according to this WAU agreement.

Don't these special clauses in this WAU agreement sound pretty suspicious?

So I'm not suprised if tomorrow suddenly MAS says it now owns PLUS highway, KLCC or Twin Towers, arising from some special clause in this WAU agreement!

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