TRX project proceeding smoothly

Azmar Talib, chief executive officer of TRX City Sdn., poses for a photograph near the construction site of the Tun Razak Exchange, developed by TRX City, in Kuala Lumpur, Malaysia, on Thursday, June 15, 2017

KUALA LUMPUR: Malaysia’s newest financial district is taking shape and drawing investment after spending years mired in controversy for its links to a state investment fund.

The Tun Razak Exchange (TRX) has reached critical mass for its initial phase after HSBC Holdings Plc this month said it would invest US$250mil to build its local headquarters in the development, according to TRX City Sdn Bhd chief executive officer Datuk Azmar Talib.