A high-end real estate development that caters to Chinese entrepreneurs became caught up in divisive Malaysian politics. Chinese investors are learning hard lessons about how to navigate local turf wars and political risks.
A high-end real estate development that caters to Chinese entrepreneurs became caught up in divisive Malaysian politics. Chinese investors are learning hard lessons about how to navigate local turf wars and political risks.
KUALA LUMPUR: Iskandar Waterfront Holdings has appointed Tan Sri Shahril Ridza Ridzuan as its independent non-executive chairman, effective May 18, 2022.
Deal for Bandar Malaysia Project in Malaysia Cancelled
Reuters reported that an equity deal for a planned mega project near Malaysia s capital involving the government, developer Iskandar
27 Jul, 2021, 4:30 am
Reuters reported that an equity deal for a planned mega project near Malaysia s capital involving the government, developer Iskandar Waterfront Holdings and its Chinese partner will not proceed by mutual agreement. The agreement on USD 1.77 billion acquisition for 60% equity in the Bandar Malaysia mixed commercial project by IWH and its partner China Railway Engineering Corp lapsed on May 6 after a failure to meet conditions.
TRX City said it remained committed to the project, and that any future business and commercialization plans will take into account market conditions and the national socio-economic agenda .
Malaysia s US$1 8 billion mega project with China Railway falls through channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.