News about 1MDB

KUALA LUMPUR (Dec 17): Debt-laden strategic development company 1Malaysia Development Bhd’s (1MDB) property arm, 1MDB Real Estate Sdn Bhd (1MDB RE), is now known as TRX City Sdn Bhd.

1 Malaysia Development Bhd (1MDB) is understood to be considering a late bid by businessman Tan Sri Desmond Lim, partnering a Qatari state-owned firm, even though it was made after the tender closed.

KUALA LUMPUR (Dec 7): Debt laden 1Malaysia Development Bhd (1MDB) may soon be closing its final deal on the 60% stake of Bandar Malaysia’s project to remove its debt burden, according to a news report.

With a slew of mega projects scheduled to transform the Kuala Lumpur skyline, the capital city will soon be in a construction boom.

GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.

KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.

KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.

THE slowdown in the real estate market does not seem to have deterred property-related companies from buying more land.

WCT Holdings Bhd (Oct 20, RM1.

KUALA LUMPUR (Oct 21): WCT Holdings Bhd is expected to reap only about RM60 million in pre-tax profit from the RM754.