In a joint statement, they said the loans were provided on commercial terms by a group of nine Malaysians and international lenders.
“More than 60% was provided by the international lenders,” they said, adding that the £458 million development loan for Phase One of the project had been fully repaid ahead of schedule.
“The initial capital invested into the project by the developers and the profit from the first phase is now being reinvested into developing the subsequent phases,” it said.
The Pakatan Harapan government had earlier raised concerns over the Battersea deal and other major property investments in the UK, with Anwar Ibrahim saying the deals would be reviewed and renegotiated if there was any wrongdoing involved.
At 11.49am, SP Setia’s shares were up four sen to RM2.99 with 4.63 million shares traded, while Sime Darby Property’s shares rose four sen to RM1.25 with 2.92 shares changing hands.
Shares of Battersea Power Station developers fall on probe warning