China Railway discloses details of stake buy


A photographer takes photos of a high speed train in Futian railway station, Asia's largest underground railway station, in Shenzhen, south China's Guangdong province on December 30, 2015. - AFP

PETALING JAYA: China Railway Group Ltd said the company and its joint-venture partner Iskandar Waterfront Holdings Bhd (IWH) will pay a combined RM5.28bil for their controlling 60% equity interest in Bandar Malaysia Sdn Bhd.

The figure, as disclosed by China Railway in its filing yesterday to the Hong Kong Stock Exchange, however, was lower than the RM7.41bil price tag announced on Thursday.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , IMDB , Bandar malaysia

Next In Business News

Ringgit rises against US$ as safe-haven demand eases
Traders take profit from blue chips
Trading ideas: CIMB, Sunway, Glomac, Apex Healthcare, Ingenieur, Infoline, MMAG, MSB, Pan Malaysia, Zetrix, Saliran, GHS
US oil companies shares advance as Trump signals potential access to Venezuela's reserves
Stocks, energy shares, oil jump after US strikes Venezuela
Down-jacket capital turns up heat on winter chill
Engineering milestone marks progress at the future Westmead station
Indonesian manufacturing sector barely grows in December 2025
Singapore factory activity rises for fifth straight month
Contract flow likely to remain steady for players

Others Also Read