PETALING JAYA: The property developers involved in the Battersea Power Station (BPS) project have assured that the proposed £1.608bil (RM8.59bil) transaction involving Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) is “purely an investment consideration”.
In a joint statement, SP Setia Bhd and Sime Darby Property Bhd said the transaction, which was initiated early this year, was also to enable them to continue to reallocate capital to other areas of their development businesses.
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