IWCity active, falls 6.17% on saying no fresh bid submitted for Bandar Malaysia projects

\KUALA LUMPUR (July 23): Iskandar Waterfront City Bhd (IWCity) fell 6.17% in active trade this morning after the company announced that its parent firm, Iskandar Waterfront Holdings Sdn Bhd (IWH), has not submitted a fresh bid for projects related to the development of Bandar Malaysia, whose gross devlopment value was previously estimated to be RM160 billion.

At 9.03am, IWCity fell 5 sen to 76 sen with 3.93 million shares done.

Recently, special officer to the Finance Minister Tony Pua Kiam Wee had disclosed the government’s request for tender proposals for the development of Bandar Malaysia, following the termination of an earlier agreement with IWC and its partner, had not yielded any suitors. —

For more stories, download pullout here for free.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
  1. Tony Pua: We are severely under-testing for Covid-19 to detect cases and outbreaks in community
  2. In rare move, MOF invites DAP lawmakers to National Recovery Plan meeting
  3. Ekovest deal to buy into IWH-CREC lapses after Bandar Malaysia deal fell through