Bandar Malaysia project
KUALA LUMPUR: IWH CREC Sdn Bhd will receive a refund of RM1.54bil from the Ministry of Finance (MoF) following the termination of the deal for the former to buy a stake in the Bandar Malaysia project, UOB Kay Hian Malaysia Research said.
“It is understood that IWH CREC will receive a refund of RM1.54b from the MoF following the termination — the total sum that the JV has paid on a staggered basis,” it said in a report on Thursday.
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