Genting Malaysia could be eyeing better Miami land deal

KUALA LUMPUR: With Genting Malaysia Bhd's termination of the exclusive arrangement with Smart Miami City LLC for the latter to purchase the Miami Herald land, the bidding for the property has now been reopened to other parties.

Kenanga Research said that with Smart Miami continuing to show interest in the purchase, Genting Malaysia may be hoping for better prices by reopening the sale bidding.