KLCC Property Denies Claim Of Bandar Malaysia Takeover

KUALA LUMPUR, Dec 23 (Bernama) -- KLCC Property Holdings Bhd (KLCCP) has denied claims that it is buying Bandar Malaysia for over RM10 billion, as reported in The Edge Malaysia.

In a filing with Bursa Malaysia, KLCPP stressed that the company is not a party to the transaction.

“KLCCP is not the buyer as reported,” it said.

The business weekly reported over the weekend that KLCCP is in the midst of taking over Bandar Malaysia from the Finance Ministry.

Bandar Malaysia Sdn Bhd, a subsidiary of the Ministry of Finance Incorporated, is the strategic master developer of Bandar Malaysia, which was previously the site of the Royal Malaysian Air Force base in Sungai Besi.

-- BERNAMA