New Malaysia Financial District Takes Shape Amid 1MDB Tumult
- Tun Razak Exchange is scheduled to open for business in 2018
- HSBC is investing $250 million for local headquarters in TRX
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Malaysia’s newest financial district is taking shape and drawing investment after spending years mired in controversy for its links to an embattled state investment fund.
The Tun Razak Exchange has reached critical mass for its initial phase after HSBC Holdings Plc this month said it will invest $250 million to build its local headquarters in the development, according to TRX City Sdn. Chief Executive Officer Azmar Talib.