TRX City in talks with potential investors

TRX City in talks with potential investors

The Star Online, 28th June 2018

TRX City Sdn Bhd (TRXC), the master developer for the RM40bil Tun Razak Exchange (TRX) development, is in talks with both local and foreign parties for potential investment opportunities in the project.

TRXC chief executive officer Datuk Azmar Talib said there had been “numerous inquiries” from local and foreign parties, adding that investor sentiment had not been affected despite the project’s association with 1Malaysia Development Bhd (1MDB) - which is involved in a multi-billion ringgit scandal.

“We're looking at a few parties to invest in TRX. However, we can’t reveal who they are as we're still in negotiations,” he said at a briefing today.

Azmar also said the renewed confidence following the recent elections has bolstered investor confidence in TRX.

“The Government has made it clear that we are segregated from 1MDB and that the development will continue.”

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