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Proposed real estate deal raises spectre of financial bailout in KL

Proposed real estate deal raises spectre of financial bailout in KL

A proposed takeover of one of Malaysia’s top real estate companies, Eco World Development Group, through a controversial merger plan spearheaded by sovereign fund Khazanah Nasional is raising concerns that Prime Minister Muhyiddin Yassin’s administration is bowing to pressure to bail out politically well-connected firms using public funds.. Read more at straitstimes.com.

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