Merdeka Palace bought at 50% higher than the current price
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.
……Read full article on the Sun Daily - Local
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