Could someone please explain this deal with facts and figures. The circumstances surrounding earlier land reclamation deals were too hazy; that is why complete transparency and accountability are important.
Boustead was claiming RM60 million in compensation for scaling down its project in the world heritage zone in George Town.
In return for giving up that claim, it is now reportedly allocated land/reclamation area “very much less” than 100 acres in the southeast of Penang Island. How much less than 100 acres and how much is the gross development value of this land/reclamation area? (The Edge estimates that the entire 97-acre site could fetch RM870 million.)
Could someone please provide precise figures.



