15.06.2015 - 1MDB seeks investors for Bandar Malaysia project
1Malaysia Development Bhd (1MDB) is seeking equity investors for its 495-acre Bandar Malaysia project and will launch a request for proposal (RFP) in the next two weeks. 1MDB president and group executive director Arul Kanda Kandasamy said launch of the RFP for its subsidiary Bandar Malaysia Sdn Bhd comes on the heels of the rationalisation plan presented to Cabinet on May 29. "Having generated considerable local and global interest, the objective of this RFP process is to select qualified equity investors to partner in the overall development," its president and group executive director Arul Kanda said in a statement last Friday...............................................Full Article: Source
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