Kuala Lumpur, Wednesday, 4 September 2024
We refer to the various online articles appearing on 4 September 2024 alluding to an investigation being carried out by the Malaysian Anti-Corruption Commission (MACC) on YTL Communications Sdn Bhd (YTL Comms), a subsidiary of the Company, in relation to the 1Bestarinet Project.
In this regard, we wish to confirm that MACC has recently requested information from YTL Comms in respect of the 1Bestarinet Project.
The 1Bestarinet Project was awarded to YTL Comms in 2011 by the Ministry of Education pursuant to an open tender involving 19 companies that tendered bids for the project. YTL Comms was selected for being the most technically compliant and most cost-effective bid. The Project was
certified by the Ministry of Education as being successfully completed at the end of the contract period on 30 June 2019.
YTL Comms is providing full cooperation to MACC on this matter and trusts that the matter will be satisfactorily resolved.