China CIC's role in Malaysia's $3.5bn airport project under doubt
CIC is not part of a consortium shortlisted for the infrastructure project, a source told AsianInvestor. The company that announced the consortium being shortlisted confirmed CIC's participation.
Doubts have emerged over whether China Investment Corporation (CIC) is part of a consortium shortlisted to finance a Malaysian airport project estimated at about €3.3 billion ($3.5 billion).
A source with direct knowledge of the matter told AsianInvestor that the Chinese sovereign wealth fund is not involved in the airport project.
According to Malaysia-listed electronics company Industronics Berhad’s announcement on December 23, the consortium was shortlisted to finance one of…
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