1MDB to sell 60% stake in Bandar Malaysia for RM7.41bil


  • Business Premium
  • Thursday, 31 Dec 2015

KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) will sign a share sale and purchase agreement to sell 60% of its equity in Bandar Malaysia Sdn Bhd to a consortium for RM7.41bil, the final milestone in its rationalisation plan.

The buyer, a consortium known as IWH-CREC Sdn Bhd, is a 60:40 joint venture between Iskandar Waterfront Holding Sdn Bhd (IWH) and China Railway Engineering Corporation.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Nation

Year Four pupil run over by lorry in Penang, mum survives Premium
Man dies in Gopeng cement factory mishap Premium
Selangor sets five policies for operation of recycled plastic waste to prevent pollution Premium
Jakim seeking 'hood man' over halal slaughtering issue Premium
Croc kills man crossing river in Kinabatangan Premium
Johor polls show BN can retake Iskandar Puteri, says MCA leader Premium
All signs point to ex-Warisan rep joining Sabah BN Premium
Labuan Port operating at 75% capacity, upgrade needed, says Dr Wee Premium
GRS-BN solidarity pact can benefit Sabah and the people, says Bung Premium
PM attends Sabah Barisan Raya do Premium

Others Also Read