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Article: Hap Seng bids for half of Menara Citibank
- Article from:
- New Straits Times
- Article date:
- June 30, 2009
- Author:
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Vasantha Ganesan
New Straits Times
06-30-2009
Hap Seng bids for half of Menara Citibank
Byline: Vasantha Ganesan
Edition: Main/Lifestyle
Section: Business Times
Type: Company
PLANTATIONS and property group Hap Seng Consolidated Bhd has offered to buy half of Menara Citibank, an office building located at the heart of the city centre, near the Petronas Twin Towers.
The 50-storey building, which is fully occupied, was previously called Menara Lion, and its holding company is Inverfin Sdn Bhd.
US lender Citigroup holds half of Inverfin, while Singapore's CapitaLand Ltd has 30 per cent and Lion Group's Amsteel Corp Bhd owns the remaining 20 per cent.
Sources told Business Times that Hap Seng ...