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IGB sells KL's Renaissance hotel for RM765m

Company to use proceeds from the sale to, among other things, repay loans to fully redeem certain assets

Kuala Lumpur

MALAYSIA's IGB Corporation has disposed of Renaissance Kuala Lumpur Hotel in the heart of the city for RM765 million (S$257 million) in a sale it said would allow it to "unlock business assets at a favourable price".

The disposal by IGB's wholly owned subsidiary Great...

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