PETALING JAYA: IOI Properties Group Bhd’s (IOI Prop) planned purchase of a stake in the iconic Taipei 101 could be derailed after the Taiwan Finance Minister objected to foreigners buying a big stake in the landmark tower.
The RM2.74bil (NT$25.14bil) deal, which was announced last Friday, came under government scrutiny after Finance Minister Chang Sheng-ford said the stake should not fall into the hands of foreign investors.
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