Govt may own skyscraper if Indonesian firm can’t live up to bargain


PUTRAJAYA: The Government may gain complete ownership of the Exchange 106 tower in the Tun Razak Exchange (TRX) development if Indonesia’s Mulia Group fails to fulfil its obligations under a compensation agree-ment.

According to Finance Minister Lim Guan Eng, the Mulia Group was to start repaying the amount invested by the Government as capital when the project nears completion.

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