Bloomberg, June 25, 2004
By Adrian Kennedy
YTL Corp., Malaysia's biggest construction company has no interest in investing in an Indonesian monorail project, Managing Director Francis Yeoh said.
"I have no plans to invest in a monorail in Indonesia," Yeoh said.
Malaysia's Star newspaper earlier this month reported that some Singapore investors had approached YTL to invest in a monorail. Asked yesterday by Bloomberg News where the monorail was, Yeoh replied that it was in Indonesia.
"I was taken out of context," Yeoh said. "I was responding to a question on the geographic location of the monorail project, not YTL's interest."
--Editor: S. Collins