‘Deal will boost investor confidence’
KUALA LUMPUR: Roping in China’s Dalian Wanda Group Co Ltd as an investor in the Bandar Malaysia project would be the catalyst for more international investments in Malaysia, said Starfish Training Sdn Bhd director Warrick Singh.
“The deal could raise international investors’ confidence in mega projects in Malaysia,” he told the New Sunday Times.
The property expert said Bandar Malaysia could benefit from the latest development concerning capital controls by the Chinese government and their stringent anti-corruption laws if it seals the deal with Dalian Wanda.
“The deal will have to be above board. A public announcement must be made to shareholders as Dalian Wanda is a public company.
“There will not be any credibility issues as all parties owe a duty of care to their shareholders in that they have to get the best value rather than price.”
The deal would also lead to additional benefits, including job creation, he said.
However, he also urged the government to ensure that the development of Bandar Malaysia stays on track.
Ho Chin Soon Research chief executive officer Ishmael Ho said the Bandar Malaysia project should not affect the development of the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
“HSR is a good infrastructure project and any delay will affect the confidence of investors and other stakeholders,” he said.
Bandar Malaysia is expected to be one of many stations along the HSR line.