News Snapshot:
© Reuters. FILE PHOTO: Visitors look at the model of Bandar Malaysia before the signing ceremony in Putrajaya, Malaysia December 17, 2019. REUTERS/Lim Huey Teng KUALA LUMPUR (Reuters) – An equity deal for a planned mega project near Malaysia’s capital involving the government, developer Iskandar Waterfront Holdings (IWH) and its Chinese partner will not proceed by mutual agreement, the parties said in a joint statement. The agreement on a 7.41 billion ringgit ($1.77 billion)acquisition for 60% equity in the Bandar Malaysia mixed commercial project by IWH and its partner China Railway Engineering Corp (CREC) lapsed on May 6 after a...
