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AS for taking over Straits Times, Razak instructed Razaleigh to set up a company using his own money, to buy 80 per cent of New Straits Times shares that Chin Tuan agreed to sell.
He went to Singapore many times to negotiate with Chin Tuan, owner of OCBC, who was accompanied by several of his British advisors.
He was the largest shareholder of Straits Times.
Fleet Holdings Sdn. Bhd was established and a sum of RM32 million was paid to control 80pc interest in NST.
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