KLCC (Holdings) Berhad (KLCCH) has purchased 486 acres of Bandar Malaysia land - the entire size of the project - for an undisclosed price.
The deal was reportedly signed with Bandar Malaysia Sdn Bhd (BMSB) and Bandar Malaysia Land Sdn Bhd (BMSLB) on Oct 4.
“KLCCH will undertake the development based on commercial viability over a long-term period,” the company was quoted as saying by The Edge.
Earlier today, KLCC Property Holdings (KLCCP) denied it was the buyer.
The Edge yesterday reported that the deal is valued at over RM10 billion.
It is not clear why it took BMSB two months after signing the sale with KLCCH to terminate a deal with Singapore’s Sim Leisure Group Ltd to develop a theme park in Bandar Malaysia.
BMSB is owned by TRX City Sdn Bhd. - Mkini
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