LTAT: No decision yet on Sanichi investment

PETALING JAYA: The Armed Forces Fund Board (LTAT) is yet to make a decision on a potential investment in Sanichi Technology Bhd.
"Given media reports on LTAT's purported interest in Sanichi Technology Bhd, LTAT would like to clarify that it has not made any decisions in relation to investing in Sanichi," it said in a statement yesterday.
LTAT is committed to creating value for the benefit of its primary stakeholders, the members of the Armed Forces.
"As such, any investment must meet our strict and stringent criteria before we proceed with such an investment," it said.
News reports have stated that LTAT is eyeing a 5% stake in Sanichi.