KUALA LUMPUR: Melaka's Harbour City, which was recenty halted due to a legal dispute, is expected to be revived with the entry of Singapore-based Tayrona Capital Pte Ltd taking up a near entire stake in the company which undertook the project.
Hatten Land Ltd, which listed on the Catalist board of the Singapore Exchange, had on Tuesday signed an agreement with Tayrona Capital relating to the Harbour City project held under its unit Gold Mart Sdn Bhd in a US$323mil transaction.
Tayrona Capital's core business is hospitality and investment and it will acquire and complete Harbour City as an addition to its Sagana Hotels & Resorts network of 32 hotels/resorts worldwide.
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