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Report: Dalian Wanda may lead development of Bandar Malaysia


Negotiations with Dalian Wanda to take a central role as master developer are said to have reached an advanced stage and the agreement is awaiting approval from China's financial regulators.

Negotiations with Dalian Wanda to take a central role as master developer are said to have reached an advanced stage and the agreement is awaiting approval from China's financial regulators.

SINGAPORE: Dalian Wanda Group, controlled by China's richest man, has emerged as the frontrunner for the development of the Bandar Malaysia township, following the surprise move last week by Malaysia to boot out a consortium that was to buy a majority stake in the project, Singapore's The Straits Times reported on Tuesday.

Quoting government officials and financial executives close to the matter, the daily said negotiations with Dalian Wanda to take a central role as master developer, has reached an advanced stage and the agreement is awaiting approval from China's financial regulators.

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