1MDB details Bandar Malaysia deal after receiving flak over discrepancy

KUALA LUMPUR (Jan 6): As 1Malaysia Development Bhd (1MDB) received flak over its statement that the sum it quoted under the Bandar Malaysia deal is subject to revision, the state investment fund further clarified today aspects of the deal with the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

READ MORE

Confusion arises over 1MDB's Bandar Malaysia deal

KUALA LUMPUR: China Railway Group Ltd’s filings with the Hong Kong Stock Exchange has created some confusion over the exact value of 1Malaysia Development Bhd’s (1MDB) sale of a 60% stake in Bandar Malaysia Sdn Bhd, to a 60:40 consortium of Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd (CREC).

READ MORE

1MDB selling Bandar Malaysia stake for RM7.41b

KUALA LUMPUR (Dec 31): 1Malaysia Development Bhd (1MDB) is selling 60% of Bandar Malaysia Sdn Bhd to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) for RM7.

READ MORE

Protasco scores AFC project worth RM44 million

KUALA LUMPUR (Sept 30): Property developer Protasco Bhd's wholly-owned subsidiary HCM Engineering Sdn Bhd has received a letter of acceptance to design and build an additional four-storey building with basement car park worth RM44 million from Asian Football Confederation.

READ MORE