NAJIB’S BANDAR MALAYSIA DEBACLE GETS MURKIER & MURKIER: NOW, MALTON DENIES BEING IN ‘TALKS’ WITH EPF & CHINA’S RICHEST MAN

KUALA LUMPUR – Malton Bhd said it is “not” in talks with the Employees Provident Fund (EPF) and China-based Dalian Wanda Group Co Ltd to jointly bid for the Bandar Malaysia property project within the old airport site in Sungai Besi here.

Malton said this in a statement to Bursa Malaysia today in response to a news report on the speculation.

“We refer to the news article which appeared in The Star on May 6, 2017 titled Malton group, Dalian, EPF to team up for job?

“The company (Malton), after due enquiry with its directors and major shareholders, wishes to inform that it is not in any discussion with the parties mentioned in the bidding for the Bandar Malaysia project as reported,” Malton said.

At 12:30pm today, Malton shares rose 15 sen or 10% to RM1.70 for a market value of RM881.15 million. The stock saw some 21 million shares traded.

The proposed Bandar Malaysia on 194.4ha (486 acres) 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”.

The Government via the Finance Ministry owns TRX, a former unit of 1Malaysia Development Bhd (1MDB). The Government also owns 100% of 1MDB.

Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd jointly own IWH CREC.

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