More bids for 1MDB Penang land

GEORGE TOWN: Two more companies have joined the race to bid for 1Malaysia Development Bhd’s (1MDB) land in Air Itam, Penang. Sources said that Suiwah Corp Bhd, a supermarket chain operator, and Titijaya Land Bhd, a Klang Valley-based property developer, have put in their bids for the 94.7ha in Air Itam.

Earlier, two other parties had submitted their bids after 1MDB opened the sale of the land through a request-for-proposal exercise.