Dalian Wanda Group, the troubled Chinese property-to-entertainment giant, has abandoned its bid for the property portion of the Kuala Lumpur-Singapore high-speed rail project, the biggest of its kind in Malaysia, only three months after being considered a front runner.
The multibillion-dollar Bandar Malaysia property development project has received nine pitches on how to develop the 197-hectare site, according to a report Tuesday by the Straits Times, which cited Malaysian government officials.
