Ekovest aborts Johor land deal with IWH for the second time, cites Covid-19 situation
The group had previously inked two sale and purchase agreements (SPA 1 and SPA 2) to acquire the 20 pieces of land for RM944.62 million on April 5, which was to be satisfied via the issuance of 911.32 million irredeemable convertible preference shares (ICPS) at 85 sen apiece and RM10.59 million in cash.