1MDB explains why Bandar Malaysia buyer listed different deal price

Kuala Lumpur

WHETHER in the form of an all-cash or a part cash-part assumption of debt deal, the total price tag for the 60 per cent stake in Bandar Malaysia Sdn Bhd is RM7.41 billion (S$2.4 billion).

Questions arose on the RM2.13 billion variance after China Railway Group Ltd (CRG) put the acquisition cost at RM5.28 billion in a filing with the Hong Kong stock exchange on Monday.