Tabung Haji to issue statement over TRX deal with 1MDB

KUALA LUMPUR: Pilgrim fund Lembaga Tabung Haji (LTH) will issue a statement on speculation it plans to purchase two plots of land in the Tun Razak Exchange (TRX) project that is owned by 1Malaysia Development Bhd (1MDB).

A spokesperson with LTH said on Thursday the statement would be issued later in the afternoon.

Yesterday, a news portal speculated that a new deal is in the works for 1MDB where it is looking to sell two plots of land in TRX to LTH for about RM700mil.

The speculated sale, if it were true, would be the first since 1MDB undertook a strategic review in February, which among others, stated that it would sell assets to help cut its debt. 

TRX is a 70-acre financial centre in the heart of Kuala Lumpur is one of two high-profile property projects, besides Bandar Malaysia in 1MDB’s portfolio.