Merdeka Palace bought at 50% higher than the current price

Merdeka Palace bought at 50% higher than the current price

the Sun Daily - Local·2019-10-08 21:38

KUALA LUMPUR: The High Court was today told that the purchase price for Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak by Felda subsidiary, Felda Investment Corporation Sdn Bhd (FICSB), amounting to RM160 million was much higher than the current price resulting in ‘unrealised losses’ to FICSB.

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