What clarification is needed from 1MDB regarding the sale price?

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Clarification Needed on Bandar Malaysia Land Sale Price Discrepancy

DAP lawmaker Tony Pua has called on 1Malaysia Development Berhad (1MDB) to clarify a significant difference in the announced sale price for its Bandar Malaysia land. 1MDB initially stated the sale of a 60% stake to a Chinese consortium for RM7.41 billion, but the Chinese firm later reported the transaction value to the Hong Kong stock exchange as RM5.28 billion. Pua is urging 1MDB to make the sales and purchase agreement public to resolve this ambiguity, especially given that the deal involves Malaysian taxpayer funds.
Discrepant Valuation Announced

1MDB initially announced on New Year's Eve that it was selling a 60% stake in the Bandar Malaysia land parcels to China Railway Engineering Corporation (CREC) for RM7.41 billion. This figure was reinforced by the statement that a 10% deposit of RM741 million would be paid upon signing the agreement. The initial announcement further valued 100% of Bandar Malaysia at RM12.35 billion, with 1MDB's 60% share being worth RM7.41 billion.
Chinese Firm Reports Lower Figure

However, CREC, in an announcement to the Hong Kong bourse on January 3, declared the agreed sale price for the 60% stake in Bandar Malaysia to be RM5.279 billion. This stark difference between the RM7.41 billion figure initially provided by 1MDB and the RM5.28 billion reported by CREC has raised questions about the actual transaction value. Pua highlighted this disparity, questioning whether it was merely an "innocent difference in interpretation."
Call for Transparency Due to Public Funds

Tony Pua, the Member of Parliament for Petaling Jaya Utara, has insisted that 1MDB should publicise the sales and purchase agreement. His rationale is that the transaction involves Malaysian taxpayers' money, and transparency is crucial to ensure there is no ambiguity regarding the terms and the final price agreed upon between 1MDBRE and the consortium of Iskandar Waterfront Holdings and CREC. This sale is a key component of 1MDB's rationalisation plan aimed at settling its outstanding debts.

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What clarification is needed from 1MDB regarding the sale price?

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