Khazanah, Temasek swap land after 45 years
The Malaysian government is ready to return a train station it owns in downtown Singapore in return for six land parcels in the city-state, to be controlled by M-S Pte. Ltd., a JV 60:40 owned by Malaysian state investment fund Khazanah Nasional Bhd and Singapore's Temasek Holdings.
This decision to divide the land was made when the two countries split 45 years ago. As part of the initiative, both governments will also work on a rapid transit link between Singapore and the southern...
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