KUCHING: Chief Minister Datuk Patinggi Tan Sri Adenan Satem will elaborate and clarify on the sale of state government’s shares in Sacofa Sdn Bhd (Sacofa) to public listed Cahya Mata Sarawak (CMS) in the coming State Legislative Assembly (DUN) sitting.
This was revealed by the Chief Minister’s Office yesterday, in response to the statement by state PKR vice chairman See Chee How on April 16 in which he urged Adenan to seek the approval of the State Legislative Assembly before selling ‘golden goose’ Sacofa.
See, who is Batu Lintang assemblyman, in a press conference on Wednesday, opined that Sacofa was a prized telecommunication infrastructure company and thus it was pertinent for the chief minister to inform the Assembly about the proposed disposal of 50 per cent of state government’s equity in the company to CMS.
“This is to keep up with the state government’s pledge to uphold integrity in the administration,” he said.
The state government has a 70.5 per cent shareholding in Sacofa, through State Financial Secretary Incorporated, while Yayasan Sarawak holds 6.8 per cent equity, Celcom Axiata Bhd 15.1 per cent and Sarawak Information Systems Sdn Bhd 7.6 per cent.