JOHOR BAHARU, Jan 3 — The move by the state government to acquire a stake in Bandar Malaysia Sdn Bhd is expected to generate profits that will be used towards enhancing the well-being of the rakyat. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said entering the shares acquisition tender as a bidder and subsequently … Read more
PETALING JAYA, Dec 5: The recent sale of a 60% stake in Bandar Malaysia to a Malaysia-China consortium is a boost for local property market sentiment in the new year, with significant positive implications, according to AmResearch. On Dec 31, 2015, 1Malaysia Development Bhd announced that Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering … Read more
To dispel the confusion as to why the price announced by China Railway for a majority stake in the Bandar Malaysia project was significantly lower than the amount previously reported, 1Malaysia Development Bhd (1MDB) said the figure represents the net equity value of the mega development and not the land sale valuation. Last Thursday, 1MDB … Read more