More bids for 1MDB Penang land


  • Property Premium
  • Wednesday, 23 Mar 2016

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , 1mdb , suiwah , titijaya , air itam

   

Next In Business News

Foreign outflows slow down on Bursa Premium
KLCI opens higher but drifts lower thereafter Premium
Trading ideas: Bumi Armada, Paragon Globe, Apollo, VS Industry, Hong Seng Premium
Insight - Fear missing in Wall Street’s slow-motion bear market Premium
High commodity prices boost Bursa activity Premium
From great resignation to great rethink Premium
On the right track to secure high- quality deals Premium
Food distributor Fandbee on expansion drive Premium
Media owners’ advertising revenues seen to surge Premium
Lazada launches new brand proposition Premium

Others Also Read