Penang Chief Minister Lim Guan Eng today dismissed as "definitely inaccurate and malicious" recent statement by a pro-Umno portal that DAP has also been selling land to foreigners.

He said every state in Malaysia is actively stepping up their efforts to garner more investors into their respective state.

"Penang is no different and the state government's efforts via Invest Penang is to also promote the state as the investment site for foreign direct investments," Lim said after attending Penang Development Corporation's Christmas and New Year do.