Albedo

Albedo: According to The Star, Tan Sri Danny Tan is aborting his plans to inject his prized Johor land into Singapore-listed Albedo Ltd, a company whose share price shot through the roof late last year on speculation that it would become a new “Iskandar play”. Sources said talks between Tan and the major owners of Albedo – a loss-making steel and raw materials company – broke down after they failed to agree on the terms of the sale. Both parties have mutually agreed to end the deal and are in the midst of making their announcements soon. http://www.thestar.com.my/Business/Business-News/2014/03/19/Danny-Tans-Albedo-deal-off/