| Whether in the form of an all-cash or a part cash-part assumption of debt deal, the total price tag for the 60 per cent stake in Bandar Malaysia Sdn Bhd is RM7.41 billion (S$2.4 billion). Questions arose on the RM2.13 billion variance after China Railway Group Ltd (CRG) put the acquisition cost at RM5.28 billion in a filing with the Hong Kong stock exchange on Monday.
Four days earlier, Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd - a unit of CRG - inked an agreement with 1MDB Real Estate Sdn Bhd to purchase the 60 per cent stake for RM7.41 billion...............................................Full Article: Source
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