Malaysian-Chinese group in 1MDB property deal says fulfilled payment obligations


The consortium refuted allegations that it had failed to make necessary payments.

Malaysia: TRX City aborts 60% stake sale in Bandar Malaysia

IWH CREC has disputed claims by TRX City Sdn Bhd over the sale.

Property deal of former 1MDB unit with China-Malaysia group lapses

A deal by a former unit of troubled state fund 1Malaysia Development Berhad (1MDB) to sell its stake in a property development project to a consortium including China’s state-owned China Railway Engineering Corporation (CREC) has lapsed. TRX City Sdn Berhad, a former 1MDB unit which was transferred to Malaysia’s finance… Read more »

MY: Govt-owned JCorp invests $2.31m in Axiata Digital Innovation Fund

Axata has committed $11.5m; Mavcap gave $4.6m for the same fund.

Malaysia: PE firm Actis extends takeover offer for remaining GHL shares

Takeover offer extended at MYR 1 per share.

Malaysia pension fund KWAP sells Sydney office tower for $246m

KWAP acquired the building at A$185 million in 2011.

People: Manulife Asset gets Malaysia CEO; HSBC appoints marketing head

Chong takes the position as the asset manage’rs earlier CEO Wong Boon Choy retires

Startup Focus: Robin Lee’s HelloGold melds blockchain & gold trading

Robin Lee, CEO and co-founder of Malaysia-based HelloGold, is tapping the potential that melding gold trading and the blockchain offer.

Exclusive: IFC to invest $60m in solar power firm Jinko Malaysia

This is IFC’s 2nd investment within a week in Asia’s renewable energy sector.

Malaysia: PUC Founder acquires Enovax for $1.43m; iflix launches in MENA

PUC set up by China Founder Group is first China government linked firm to list on the ACE Market of Bursa