New Malaysian financial district takes shape amid 1MDB tumult
Tun Razak Exchange hits critical mass; HSBC to build local HQ in development
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Kuala Lumpur
MALAYSIA'S newest financial district is taking shape and drawing investment after spending years mired in controversy for its links to an embattled state investment fund.
The Tun Razak Exchange has reached critical mass for its initial phase after HSBC Holdings plc this month said that it will invest US$250 million to build its local headquarters in the development, according to TRX City Sdn chief executive officer Azmar Talib.
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