PETALING JAYA: Melaka’s Harbour City, which was recently 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 complete stake in the company which undertook the project.
Tayrona Capital is acquiring a 99% stake in developer Hatten Land Ltd’s Harbour City mixed development in Melaka as part of a deal worth US$323mil (RM1.36bil).
In a statement yesterday, the Singapore-listed Hatten Land said the agreement will see Tayrona Capital investing US$23mil (RM96.5mil) via the issuance of new shares in Hatten Land’s unit Gold Mart Sdn Bhd.
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