A plot of private seafront land on Pulau Jerejak, Penang, which is currently up for sale, is only meant for a shipyard, Chief Minister Lim Guan Eng said today.

Referring to an advertisement placed in Chinese language daily Kwong Wah Jit Poh, Lim insisted that the proposed sale of the land “has nothing to do with the state government”.

Ownership of the 26.5-acre plot had been alienated to Boustead Penang Shipyard Sdn Bhd by the previous BN government, and it has a remaining 25 years’ lease (out of 99 years), he added...