Lim expressed his anger to the press yesterday, stressing that the special purpose vehicle (SPV) of the project met the required minimum capital requirement of RM381mil. “MACC did not question whether the required paid-up capital was met. Why is Dr Wee talking about this?” Lim said after launching an event by Seberang Prai Municipal Council here yesterday. On the required capital of the SPV, Dr Wee told reporters after his presentation: “I have to explain this. When Guan Eng used his own theory to calculate the paid-up capital, it was not the pure paid-up capi­tal of that particular company.

Source: The Star March 31, 2018 21:00 UTC