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Tuesday, December 7, 2010

(5) InventQjaya

Dec 5 2006

The Kuala Lumpur High Court has ordered that InventQjaya Sdn Bhd (IQJ) be wound-up for failure to pay RM240 million debts. IQJ is a collaborative effort between the government and an United States-basedcompany, Reveo Inc, to undertake research and development to develop and commercialise frontier
technology-based patents in Malaysia. The government sought to wind-up IQJ for failure to repay an outstanding loan of RM240 million. 

*How I wish they would use these money to invest in our local inventors eh? As
even if we failed, the money will still be in the country. 

So sad...."

- robestyong-

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