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[Tempatan]
EKONOMIKhazanah dan PNB rugi RM43.9 juta daripada penjualan Fashion Valet
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Harap kawan sejati stand by. |
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Show melancong bak kaya infinity. |
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Sorry ? Thats all ? Potong kuku pun tunjuk dumb. Mak dia lah terpaling sayang dia. |
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mehmet replied at 4-11-2024 12:01 AM
Sorry ? Thats all ? Potong kuku pun tunjuk dumb. Mak dia lah terpaling sayang dia.
Semua mak mak pun terpaling syg anak nyah |
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Hahaha....menangislah dia baca
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mejaputih replied at 31-10-2024 07:02 AM
Ash bina sekolah kat bbm ..kesian budak2 situ crowded sgt sekolah..tu pun ada yg argue why m40 t20 ...
Rupanyeh patut tahun depan dah boleh pakai.. iols baru sembang dengan org bbm kat sejid .. sedih yach tiang pun tak pacak lagi.. dah setahun lebih dok perata tanah.. kejadah slow cam siput |
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Kitty_catz replied at 31-10-2024 08:49 AM
ni ada yg suh espiarem check cemaner dapat dana khazanah and pnb tu, ada unsur2 you scratch my bek ...
Yg lingerie tu 80m?? hampeh.. boleh bukak kilang doh
Baik p invest kat grab kan aritu.. iols sembang dengan ane bawak grab.. sehari grab dapat komisyen je berjuta.. vongoks la khuenz.. anak Tan Chong motors tu sanggup p lari dok Singapore nak dapat dana.. huntongla gomen singapork
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honeybee1802 replied at 1-11-2024 10:54 AM
Itu la kan...byk rm43 juta tu...tp bak kata org dlm khazanah kehilangan tu mcm ciput jedr untung y ...
Konspirashit nak bagi budak2 melayu tak pandai pelajaran.. Bab agama no syatu.. tapi sampah buang merata.. sini tak de jual arak.. tiber |
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Duit khazanah adalah duit negara Dan duit pnb adalah duit pelabur asb. So kalo rugi mmg kita semua berhak marah la. Someone behind this scene perlu bertanggungjawab ganti balik kerugian. Takat letak jwtn apa untungnya duit pelabur? |
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otai_g replied at 4-11-2024 07:35 AM
Duit khazanah adalah duit negara Dan duit pnb adalah duit pelabur asb. So kalo rugi mmg kita semua b ...
Kalau mcm ni effected tak dekat staff pnb dan bonus derang
Kot ler bonis makin sikit ker sbb kes ni |
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piahsemah replied at 4-11-2024 09:17 AM
Kalau mcm ni effected tak dekat staff pnb dan bonus derang
Kot ler bonis makin sikit ker sbb kes n ...
Simple logic, kalo rugi mcm mn nak bg bonus? Silap2 hb cmpny buang staff lg sbb nak cutting cost cover kerugian. |
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lolipopmanish replied at 3-11-2024 02:26 PM
Tak malu nye laki mak itik mintak lagi dana
Dah rugi berpuluh juta mengemis lagi euwww
Dh biasa hidup lavish, xde duit sikit mengelupor mcm itik kena semelih |
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https://www.scoop.my/news/234391 ... m32arwt19rvwsc9tm0n
FashionValet a loss-making entity before and after Khazanah, PNB’s RM47 mil investment
GLICs bought stakes in 2018, company records show total RM103.3 million losses after tax from 2017 to 2022
Main Author Image Arjun Mohanakrishnan
Updated 2 hours ago
4 November, 2024
8:00 AM MYT
KUALA LUMPUR – Financial statements spanning six years reveal that Fashion Valet Sdn Bhd (FashionValet) had consistently recorded losses – including the year Khazanah Nasional Berhad and Permodalan Nasional Berhad (PNB) invested RM47 million into the e-commerce platform.
Between 2017 and 2022, FashionValet, which was founded by Datin Vivy Sofinas Yusof and her husband Datuk Fadzaruddin Shah Anuar with an initial focus on third-party fashion items, recorded a total of RM103.3 million in losses after tax.
In 2018, the year sovereign wealth fund Khazanah and fund management firm PNB invested RM27 million and RM20 million, respectively, into FashionValet, the company recorded losses of RM20.18 million in losses after tax – a steep RM9.4 million increase from the previous year.
Company documents obtained from the Companies Commission of Malaysia (SSM) suggest that red flags were raised about FashionValet’s ability to continue business operations, with its 2022 annual report stating that the company’s current liabilities exceeded current assets by RM8.4 million.
However, it also recorded that FashionValet’s board of directors deemed the company able to continue operations and meet financial obligations.
“In the opinion of the directors, the group (FashionValet) is able to continue as a going concern despite its net current liabilities position as the directors are of the view that the group will be able to generate net cash inflows from its operating activities for a period 12 months from the date of financial statements to meet its financial obligations when it falls due,” stated the 2022 report.
During that financial year, Vivy, Fadzarudin, Capital A president Aireen Omar, MyEG Services Bh corporate affairs head Benjamin Low and Khazanah’s senior vice president of investments Nurul Iman Zaman were listed as directors of FashionValet.
For the record, Vivy’s sister Intan Safina Yusof, who was charged with criminal breach of trust in 2020, served as director for FashionValet until March 2019.
Regarding FashionValet’s expenditure as of January 2021, the documents state that the company spent RM12.3 million on renovations. In Khazanah’s recent to defend its investment and “responsible exit” from the company in late 2023, it was explained that FashionValet had faced financial challenges during the Covid-19 pandemic.
Several issues also appear regarding FashionValet’s subsidiaries, particularly the company’s 25% stake in an entity called DropIt Ventures Sdn Bhd, which was deemed inactive in 2019 after it recorded RM25,425 in losses the previous year.
In 2021, FashionValet divested its shares in DropIt for RM10, but the report did not state how much FashionValet had spent to acquire those shares in the first place.
FashionValet’s annual reports also recorded a decline in the value of its investments in a subsidiary called 30 Mable Sdn Bhd, which operates Vivy’s dUCk brand of headscarves, through an impairment loss of RM14.8 million.
Additionally, the documents state that the dUCk brand faced difficulties due to intense competition in the fashion industry, which was exacerbated by the Covid-19 pandemic.
This appears to echo a statement by Vivy and husband Fadzaruddin last Friday, in which they claimed responsibility for FashionValet’s failures while attributing their losses to struggles in expanding their business during the global pandemic.
Khazanah’s press statement on the matter also mentioned that the Covid-19 pandemic forced FashionValet to shift its focus from operating as an e-commerce platform for Asean products to promoting its in-house brands dUCk and Lilit instead.
Yesterday, the Malaysian Anti-Corruption Commission (MACC) said it has begun a probe into Khazanah and PNB’s failed investments in FashionValet, which saw the two government-linked investment companies sell their collective stakes bought at RM47 million in the e-commerce platform for RM3.1 million.
The investment and loss was told to the Dewan Rakyat in a parliamentary written reply by the finance ministry last week.
MACC chief commissioner Tan Sri Azam Baki has said the probe is necessary as the issue involves taxpayers’ monies. – November 4, 2024 |
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ntah2 rumah baru dia tu yg reno habis habisan tu beli cash je dengan duit dana. untung la tak yah buat loan mcm orang lain ye
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black_handbag replied at 4-11-2024 10:31 AM
ntah2 rumah baru dia tu yg reno habis habisan tu beli cash je dengan duit dana. untung la tak yah ...
Siap beli umah grand ek walaupon bisness rugi. Skg aman2 nk step down, cuci tangan. Wah byk cantik muka diorg ni |
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ada yg tak betul ke? meols baca herlok aje
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Edited by Kitty_catz at 4-11-2024 06:40 PM
dia ni sebijk minah yg listen listen listen tu
ada ke suh orang get a life.. dah dana awam kut.. fefeling entitled seko2.. bukan nak admit salah silap lagi suh org stfu
bodowww minah tu... tu geng tony F.. dats y la
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Kitty_catz replied at 4-11-2024 06:39 PM
dia ni sebijk minah yg listen listen listen tu
ada ke suh orang get a life.. dah dana awam kut.. ...
Rasanya masa podcast tu dia belum tau lagi psl sprm nak siasat .dia ingat acik2 netizan saja2 nak membawang tepi jalan kot.bodo acik ni dlm bod pun berckp mcm taktau apa2.mcm mana la dia jadi CEO AA ni dulu |
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