Penang land sale issue: PDC amends offer letters

The Penang Development Corporation (PDC) has made immediate amendments to all offer letters to include a clause on changes in company shares before the signing of an agreement.

Chief Minister Chow Kon Yeow said this was to ensure that the land sale issue involving PDC land in Byram, Kawasan Perindustrian 2 Batu Kawan (BKIP2) will not recur.

"The change of shares by Umech Land Sdn Bhd which happened before...