Among non-performaning assets transferred into UJSB include 1.568 acres at Tun Razak Exchange (TRX). It cautioned that if the value of the assets depreciates further, the government will incur losses higher than RM10.3 billion. The assets transferred into UJSB are made up of listed equity holdings, properties and one unlisted plantation asset. The property assets transferred to UJSB include 1.568 acres at Tun Razak Exchange (TRX). UJSB will bear significant losses as a result of impairment charges estimated at more than RM10 billion for the assets acquired from LTH.

Source: New Strait Times November 14, 2019 04:47 UTC