SUITOR PULLS OUT OF US$1.2BLN MIAMI LAND SALE BY GENTING

The suitor in Genting’s circa US$1.23-billion land sale in Miami, Florida in the United States, has pulled out, said on Thursday a statement on behalf of vendor Genting Malaysia Bhd. Smart Miami City LLC, a unit of real estate developer Terra Group, had “requested an extension of the exclusivity period and sought amendments to the commercial