Sir,
Thank you for your report written by Rob Davies on Danaharta's plans to securitize part of its asset portfolio, as featured in the News Commentary section of FinanceAsia.com on 23 April 2001.
We would like to clarify one part of the report. The first sentence of the last paragraph stated that Danaharta confirmed that it is looking at securitizing part of its non-performing loans portfolio late this year... This statement is incorrect.
At the recent Malaysian Debt Conference 11 April 2001, Danaharta's managing director, Dato' Azman Yahya, mentioned in his speech that Danaharta is taking concrete steps to securitize and dispose some of its rehabilitated and performing loans later this year....
