KUALA LUMPUR, July 7 Tony Fernandes,
low-cost carrier AirAsia Bhd's co-founder and group
chief executive, wants to put all the controversies and
negativity leading up to the launch of klia2 behind and work
closely with airport operator Malaysia Airports Holdings Bhd
For a start, Fernandes wants to develop new terminals in
Penang, Kuching and Melaka. "The potential is not just klia2,
but to develop some (terminals) regionally."
Khazanah to buy back Iskandar land for 3 bln rgt-The Edge
Khazanah Nasional Bhd is looking to buy out
Middle Eastern shareholders in four companies that are involved
in Iskandar Malaysia for a whopping 3 billion ringgit ($941.32
million), sources say.
The companies are Medini Central Sdn Bhd, Medini Iskandar
Sdn Bhd, Metrogold Sdn Bhd, and Global Capital and Development
Medini Iskandar Malaysia, which controls Medini Central, is
75 percent owned by Iskandar Investment Bhd and 25 percent by
UWI Capital (One) Ltd Trident Chambers (under United World
Infrastructure), a search on the Companies Commission of
Malaysia website shows.
Metrogold is 80 percent owned by Ar-Ribhu Ltd - a company
understood to be controlled by Kuwait Finance House Ltd - and 20
percent by privately-held Wurawari Ventures Sdn Bhd, which
belongs to Iskandar Investment.
As for Global Capital and Development, 90 percent of it is
split between Iskandar Holdings (Co) Ltd (60 percent) and
Iskandar Investment (30 percent) while the remaining 10 percent
is held by Alpha (Five) Ltd, which is linked to Mubadala
Development Company PJSC.
The price tag of 3 billion ringgit is likely based on the
land owned by the four companies amounting to about 2,456 acres
or 107 million square feet, which translates into 28 ringgit per
- The Edge
NOTE: Reuters has not verified this story and does not
vouch for its accuracy.
($1 = 3.1840 Malaysian Ringgit)