In a very difficult situation, KTMSAB had negotiated with Penang State Government to discus effective ways in order to settle their loans.
YAB Mr Ghaffar Baba who was then the Rural Development Minister plays an important role in the negotiations between the Koperasi and the Penang State Government.
Penang State Government’s decision to choose Sg Nibong area to Bayan Lepas area for the development of industrial zone and new city had changed everything.
Value of the land area has been increases with the existence of the above planning. Penang State Government also shows their interests in purchasing lands from KTMSAB.
