Article: Hap Seng buys half of Menara Citibank


New Straits Times
08-08-2009
Hap Seng buys half of Menara Citibank
Edition: Main/Lifestyle
Section: Business Times
Type: Company

Company takes 50pc stake in Inverfin, owner of the building, for RM310m

HAP Seng Consolidated Bhd has bought half of Inverfin Sdn Bhd, owner of Menara Citibank in Jalan Ampang, Kuala Lumpur, for about RM310 million.
Its subsidiary, Hap Seng Realty Sdn Bhd (HSR) bought all interests in Inverfin owned by CapitalLand Ltd and Amsteel Corp Bhd.

The remaining half of Inverfin is owned by Menara Citi Holding Co Sdn Bhd.

A Citibank Malaysia spokesperson said it is not in talks to sell its 50 per cent stake in Inverfin. Late last year it wanted to sell its interest in ...

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