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Report: China's richest man set to develop Bandar M'sia
Published:  May 9, 2017 9:26 AM
Updated: 4:20 AM

Prime Minister Najib Abdul Razak's trip to China this week could see him bringing back a new developer for Bandar Malaysia - one that is owned by China's richest man, billionaire Wang Jianlin.

The Straits Times cited government officials and financial executives as saying Dalian Wanda Group - China's largest real estate developer - is poised to become the master developer of Bandar Malaysia.

News of the deal - speculated to be "substantially higher" than the RM12.3 billion valuation for Bandar Malaysia - comes a week after the Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corp (CREC) consortium's RM7.4 billion 60 percent stake in the project was terminated...

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