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IWH, China Railway consortium rejects TRX's termination of Bandar Malaysia deal

The consortium maintains it has fulfilled the required payment obligations to acquire 60% of company
Saturday, May 6, 2017 - 05:50

40159961.9 (42459087) - 05_05_2017 - MALAYSIA ISKANDAR.jpg
IWH CREC Sdn Bhd (ICSB) is contesting Putrajaya's contention that the share sale agreement (SSA) in relation to Bandar Malaysia Sdn Bhd has lapsed, adding that it finds the "unilateral declaration" by the latter's unit TRX City to be "unacceptable" and against the spirit of the contract.

Kuala Lumpur

IWH CREC Sdn Bhd (ICSB) is contesting Putrajaya's contention that the share sale agreement (SSA) in relation to Bandar Malaysia Sdn Bhd has lapsed, adding that it finds the "unilateral declaration" by the latter's unit TRX City to be "unacceptable" and against the spirit of

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