IWH CREC Sdn Bhd, a joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering (M) Sdn Bhd (CREC), has disputed TRX City Sdn Bhd's claim yesterday over the sale of its 60 percent equity interest in Bandar Malaysia Sdn Bhd.

It further said the press release issued by TRX City was not entirely accurate.

“IWH CREC is concerned with the content of the termination notice and the subsequent press release issued by TRX City, which, given the factual matrix, does not fully and accurately reflect the circumstances and conduct of the parties in this matter,” IWH CREC said in a statement...