RM11.3 bil project with Temasek called off due to 'soft market', says PDC

📆 8/8/2019 9:05 AM
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It says cancellation of the BPO Prime project was mutual. FMTNews

August 8, 2019 8:04 PM

“However, due to soft market conditions, the project has been cancelled by all parties,” the statement read. Temasek is Singapore’s sovereign wealth fund with a reported net portfolio value of S$313 billion as of March 31 this year. The late state Umno chief Zainal Abidin Osman questioned the Singaporean companies’ abrupt withdrawal.

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InvestPenang says ‘soft’ property market killed RM1.3b BPO Prime project | Malay MailGEORGE TOWN, Aug 8 ― The termination of Penang’s RM1.3 billion joint venture BPO Prime was a mutual decision reached with Singapore’s Temasek Holdings due to the softening conditions in the current property market, Datuk Seri Lee Kah Choon said today. The InvestPenang executive director said...
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