Bandar Malaysia project
KUALA LUMPUR: IWH CREC Sdn Bhd will receive a refund of RM1.54bil from the Ministry of Finance (MoF) following the termination of the deal for the former to buy a stake in the Bandar Malaysia project, UOB Kay Hian Malaysia Research said.
“It is understood that IWH CREC will receive a refund of RM1.54b from the MoF following the termination — the total sum that the JV has paid on a staggered basis,” it said in a report on Thursday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
