This comes following efforts by the strategic development fund to monetise its various land parcels through joint ventures or outright sales as part of a strategic review to pare down its RM42bil debts as of March 2014.
1MDB president and group executive director Arul Kanda, in a statement on Tuesday said, “I am pleased to update that we have received significant expressions of interest in both land parcels.”
“Accordingly, the company intends to appoint an independent real estate consultant to assist in reviewing the various proposals.
“A further announcement providing an update on the progress will be made within the next two weeks,” he said.
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1MDB president and group executive director Arul Kanda, in a statement on Tuesday said, “I am pleased to update that we have received significant expressions of interest in both land parcels.”
“Accordingly, the company intends to appoint an independent real estate consultant to assist in reviewing the various proposals.
“A further announcement providing an update on the progress will be made within the next two weeks,” he said.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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