Tabung Haji defends decision to buy TRX land from 1MDB

By SHARIDAN M. ALI

KUALA LUMPUR: Lembaga Tabung Haji is buying the plot of land in the Tun Razak Exchange (TRX) from 1Malaysia Development Bhd (1MDB) at a discount of about 3% from the fair value of the real estate assessed by an independent valuation firm.

Tabung Haji defended its decision to purchase the land, saying it was forking out RM188.5mil for the 1.6 acre (0.64ha) parcel while its fair value was RM194mil.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Business , tabung haji , 1mdb

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