The construction firm’s statement in response to a news article by Bernama quoting Keizrul saying that “if the current Government does not like us, it would not have allowed us to continue with the Light Railway Transit 3 (LRT 3) project”.
The agreement with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) will see the group developing the latter’s 89.89 acres of land into a mixed-use development with a minimum gross development value (GDV) of RM600 million.
According to the REIT's stock exchange filing yesterday, her resignation is "due to other personal commitments", and is effective immediately.
"They would be giving us a bridge. What we need have to be presented to them based on our cash flow requirement.”
Over the past year, IWCity shares fell 50.7% from RM1.35.