KLCC Property denies Bandar Malaysia takeover

Aerial view of Bandar Malaysia site, with Razak City Residence to the left of the airstrip and 1Razak Mansion next to it. — GLENN GUAN/The Star

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) has denied reports that it is set to take over Bandar Malaysia from the Ministry of Finance in a deal valued at RM10bil.

In a filing with Bursa Malaysia on Monday, KLCCP clarified that it is not involved in the transaction, refuting claims that it is the buyer of the 486-acre Bandar Malaysia land.