Bandar Malaysia agreement with IWH CREC lapses, opens to new expressions of interest
KUALA LUMPUR (MAY 3): The master developer of Bandar Malaysia, TRX City Sdn Bhd, has today announced that the share sale agreement (SSA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) – who on July 21, 2016 assigned its benefits and responsibilities to IWH CREC Sdn Bhd – regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd, has lapsed.