News Snapshot:
KUALA LUMPUR: 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 an RM7.41 billion (US$1.77 billion) acquisition for 60 per cent equity in the Bandar Malaysia mixed commercial project by IWH and its partner China Railway Engineering Corp (CREC) lapsed on May 6 after a failure to meet conditions, the statement issued on Wednesday (Jul 14) said. Advertisement Advertisement Bandar Malaysia was due to house the terminal for the now-scrapped...
