Cheuk Nang Properties (Holdings) has postponed a multi-billion dollar property development in Kuala Lumpur because of currency controls imposed in Malaysia last week.
Executive chairman Cecil Chao Sze-tsung said the company would proceed with the project's first phase.
But he said the second and third phases would be put on hold until Malaysia's economic situation stabilised.
Cheuk Nang had planned to build the serviced apartment-hotel-office development in three phases.
The project was to have gross floor area of about two million square feet.
The company had committed $200 million to the first phase and was to invest an additional $50 million in the coming months, Mr Chao said.
'I will have to check whether the new rules will make it more difficult for foreign investors to repatriate money,' he said.