KUALA LUMPUR – Lembaga Tabung Haji will be selling the parcel of land it acquired from 1Malaysia Development Bhd (1MDB) at the Tun Razak Exchange (TRX) site for a small profit.
Its chairman, Datuk Seri Abdul Azeez Abd Rahim said Tabung Haji had made a decision to sell the land and had found a buyer.
“We are finalising the transaction and we will make a small profit,” he told reporters after presenting prizes to the winners of the 58th National Quran Reading Competition here today.
Tabung Haji bought the 1.6-acre (0.64ha) land for RM188.5mil.
Abdul Azeez, however, did not name the buyer.
“We will announce the buyer after we had finalised the deal,” he said.
Tabung Haji decided to sell the land on May 9 following an advice from Prime Minister Datuk Seri Najib Tun Razak after the purchase caused a controversy.
Champion quran reciters, Wan Ainuddin Abdullah from Kelantan and Siti Husnaa Hassan from Pahang won cash prizes and a Proton Preve each at the competition which ended yesterday. – BERNAMA