Treasury building in Putrajaya
KUALA LUMPUR, March 8 (Bernama) -- The Minister of Finance Inc (MOF Inc) has confirmed that it has agreed with The Mulia Group to jointly develop the Exchange 106 Tower at TRX (TRX Tower).
In a statement today, it said, the construction of the tower was expected to be completed by the second half of 2018.
The MOF Inc, via its wholly-owned unit, MKD Signature Sdn Bhd, took over 51 per cent of the shareholding in Mulia Property Development Sdn Bhd in July 2017.
Mulia Property, a company incorporated in Malaysia, has a paid-up share capital of RM500,000.00 and it is jointly owned by The Mulia Group (49 per cent) and MKD (51 per cent).
MOF Inc said the cost of the development of the TRX Tower would be borne by the two shareholders based on their respective proportions of shareholding in the joint-venture (JV) based on the original cost of the development.....