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E&O finds partner to kick-start STP Phase 2A — sources

According to sources, a large local fund has been in talks with E&O on taking up an equity stake in the sea-fronting development project near Penang island. The project, Phase 2A, involves reclaiming 253 acres (102.38ha) of land, which has an estimated gross development value of RM20 billion.

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IWH to merge with IWC — sources

Tan Sri Lim Kang Hoo, the property tycoon who has been in the news since he bought into 1Malaysia Development Bhd’s Bandar Malaysia project, is said to have shelved plans to list his flagship Iskandar Waterfront Holdings Sdn Bhd (IWH).

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Long-term value in EcoWorld

Tan Sri Liew Kee Sin can breathe a sigh of relief. The listing of his overseas property development outfit, Eco World International Bhd (EWI), is now on firm footing with Tan Sri Quek Leng Chan’s GuocoLand Ltd set to take up a strategic 27% stake.

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