‘Deal will boost in­vestor con­fi­dence’

New Straits Times - - News -

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.

War­rick Singh

Ish­mael Ho

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.