Temasek to increase stake in Central Malaysian Properties to play larger role in Iskandar, 19 Feb 2013
A source said that Singapore-owned Temasek Holdings had last year acquired a 30 percent stake in Central Malaysian Properties (CMP) for RM300 million (S$120 million). According to the source, Temasek is set to increase its stake moving forward, which could pave the way for corporate restructuring.
CMP is the developer behind Lido Boulevard in Johor, a new waterfront development opposite the Grand Palace which is expected to yield a gross development value (GDV) of RM4 billion (S$1.6 billion).  Full story