The Edge Malaysia reported that Bandar Malaysia would be developed within a 486 acre or 21.17 million sq ft tract. Bandar Malaysia is in the spotlight after Malaysian Government-owned TRX City Sdn Bhd alleged last Wednesday (May 3) its planned sale of a 60% stake in Bandar Malaysia Sdn Bhd to IWH CREC Sdn Bhd was "null and void with immediate effect." Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd (CREC) jointly own IWH CREC. In response, IWH CREC said yesterday TRX's allegation was "unacceptable" because IWH CREC had fulfilled "all the required payment obligation" under the agreement dated December 31 2015. For a better understanding on Bandar Malaysia, kindly pick up and read the latest issue of The Edge Malaysia.

Source: The Edge Markets May 06, 2017 03:11 UTC