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Malaysian Government selling their shares in the Post?

Published: 23 April 2010
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UNI MLC at the news conference
 The Government of Malaysia has decided to divest its stake in the Government Linked Companies like Post Malaysia (currently it holds 32.2% of the shares) and other GLCs. Post Malaysia Berhad will be the first such company that Khazanah Nasional Berhad, the Governments Investment Company will divest its stakes in. UNI Global Union-Malaysian Liaison Council had an urgent meeting with all postal affiliates to address this issue on 5th April 2010.



The Congress of Unions in the Government Linked Companies (GLCs) held an emergency meeting to address the implication of this major shift in the economic policy of the Government on the Postal Employees. UNI MLC President, Mohamed Shafie BP Mammal is attempting to arrange a meeting with the Prime Minister to seek full details of the Governments decision to divest Government stakes in the GLCs and to put the union's views on this major change in policy.



Since that time there have been several newspaper articles in this issue which are attached.