DRB-Hicom calls off sale of The Verge
It cites inability of buyer to fulfil its contractual obligations on completion date
Singapore
MORE than four months after it announced the proposed sale of The Verge mall in Little India, DRB-Hicom has officially called off the deal.
The termination was due to the inability of the buyer, a Singapore-incorporated vehicle controlled by Keith Tang, to fulfil its contractual obligations on the agreed completion date, DRB-Hicom said in a regulatory filing with Bursa Malaysia on Thursday.
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