1Malaysia Development Bhd (1MDB) has clarified that China Railway Group Ltd’s revised figure of RM5.28bil for the controlling stake in Bandar Malaysia was in reference to the estimated share of the land’s net equity value.
China Railway created some confusion when it informed the Hong Kong Stock Exchange (HKEx) on Monday that the consortium comprising its Malaysian unit, China Railway Engineering Corp (M) Sdn Bhd (CREC), and Iskandar Waterfront Holdings Sdn Bhd (IWH) was paying a significantly lower sum for Bandar Malaysia instead of the earlier reported RM7.41bil.
1MDB clarified yesterday that the valuation contained in the announcement made by CREC to HKEx did not refer to the land sale valuation, but instead to their estimated share of the net equity value of the Bandar Malaysia project.
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China Railway created some confusion when it informed the Hong Kong Stock Exchange (HKEx) on Monday that the consortium comprising its Malaysian unit, China Railway Engineering Corp (M) Sdn Bhd (CREC), and Iskandar Waterfront Holdings Sdn Bhd (IWH) was paying a significantly lower sum for Bandar Malaysia instead of the earlier reported RM7.41bil.
1MDB clarified yesterday that the valuation contained in the announcement made by CREC to HKEx did not refer to the land sale valuation, but instead to their estimated share of the net equity value of the Bandar Malaysia project.
For Free Signals and other KLSE online updates, click here 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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