KFHMB refutes new report’s allegations

Posted on | December 28, 2009

By BERNAMA


KUALA LUMPUR: Kuwait Finance House (M) Bhd (KFHMB) has refuted an article titled Kuwait Finance House aborts deal to buy The Icon published in a local newspaper (not The Star) on Dec 25 and a related announcement made by Mah Sing Group Bhd on Dec 24.

In a statement, KFHMB clarified that it was not a contractual party to the sale and purchase transaction of the East Wing of the Icon property. The Icon is an upscale commercial development slated to become a 20-storey Grade A office building in Jalan Tun Razak.

Kuwait Finance said it maintained a positive outlook in conducting business in the country and continued to seek potential investment opportunities in line with the Government’s objective of making Malaysia an international Islamic financial Centre.

- Malaysia Property News dot net

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