News about 1MDB

KUALA LUMPUR (May 12): IWH CREC Sdn Bhd has received the refund of RM741 million that it had paid as deposit to purchase a 60% equity stake in Bandar Malaysia Sdn Bhd for RM7.

KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy has yet to receive any “official notification” of being removed from the board of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd.

PETALING JAYA (May 4): 1MDB chairman Tan Sri Irwan Serigar Abdullah said the Bandar Malaysia project will go ahead, Malaysiakini reported last night.

KUALA LUMPUR (May 5): Questions are now being raised over who will refund the RM741 million deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off on Wednesday.

KUALA LUMPUR (May 4): Trading in the shares of Iskandar Waterfront City Bhd (IWCity), which succumbed to some selling pressure in the afternoon yesterday, has been suspended this morning until Friday, IWCity told Bursa Malaysia today.

PETALING JAYA (March 18): The Exchange Mall within the RM8 billion TRX Lifestyle Quarter project in the RM40 billion Tun Razak Exchange (TRX) mega-development in Kuala Lumpur is scheduled to open in 1H2019.

KUALA LUMPUR (Oct 11): Iskandar Waterfront Holdings (IWH) Sdn Bhd is mulling reviving an initial public offering as early as next year as it ramps up projects including one linked to state fund 1Malaysia Development Bhd (1MDB), Bloomberg reported today.

KUALA LUMPUR (July 26): Tabung Haji has indicated it will not sell the Tun Razak Exchange (TRX) land that it purchased from 1Malaysia Development Bhd (1MDB), as the pilgrimage fund sees long-term value in the piece of land.

PETALING JAYA (June 17): TRX City Sdn Bhd, the property development arm of 1Malaysia Development Bhd (1MDB), achieved a net profit of RM380.

KUALA LUMPUR (Feb 4): Lembaga Tabung Haji said it will be developing the 1.