
GTA Holdings: A Defence MRO Goes Public

GTA Holdings: A Defence MRO Goes Public
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Guest: Dato’ Nonee Ashirin Binti Dato’ Mohd Radzi, CEO, GTA Holdings Berhad
GTA Holdings is heading for the ACE Market, servicing helicopter and aircraft engines out of Subang — with about 95% of that work tied to the military. But the prospectus raises questions: RM46mil in dividends paid out just before asking the public to fund a RM37.5mil building, cash dropping from RM107mil to RM23mil in eight months, and consultancy and software contracts awarded to a company owned by the CEO's two daughters. We also get into the four-month deadline to vacate Subang, the Safran certification the business depends on, and why a major shareholder is selling down half the offer-for-sale. We speak to Dato' Nonee Ashirin binti Dato' Mohd Radzi, Managing Director and CEO of GTA Holdings Berhad.
Presenter: Frankie Lim
Producer: Maziah Barek Miji
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