The Penang state government has appointed building consultants and township developer Surbana, whose majority shareholder is Temasik, for a PDC affordable housing project in Batu Kawan. Continue reading »
Apr 072011
This handout on the Batu Kawan deal was passed to me by a journalist. I think it is of public interest, so I am reproducing it here.
From horse-racing to power-boat racing: Former Equine chairman Patrick Lim moved on to become Executive Chairman of the World Match Racing Tour. During his time in Equine, the firm owned 25% of Abad Naluri, the failed PGCC project developer - Photo credit: valenciasailing.blogspot.com
In 'happier' days: (from right) Patrick Lim, Koh Tsu Koon and Abdullah Badawi at the launch of the PGCC project, later aborted
PDC has just renegotiated the 750-acre Batu Kawan land deal with Abad Naluri under the original principal agreement, which was signed in 2004, which should be seen together with the Penang Global City Centre project. Continue reading »
The Penang Chief Minister has revealed details of the re-negotiated Batu Kawan deals between PDC and Abad Naluri involving 750 acres of land. Continue reading »
