This is after IWH axed plans to merge with its 38.35%-owned associate IWCity.

Its net gearing is expected to improve to 0.42 times from 0.47 times as at 2QFY17.

This is followed by a bonus issuance on the basis of one bonus share for every 10 split shares held.

Undeterred, the tycoon has put forward a bid to Ekovest shareholders to take IWCity private.

Muhammad Ali was recognised as an outstanding Malaysian corporate entrepreneur after a successful 28-year career as CEO of JCorp from 1982 till 2010.

Sets a new benchmark for high-end residences in the KLCC area…

New conditions have been imposed with regards to the Advertisement and Sale Permit

Thanks to higher sales in its development project "Upper East" in Ipoh.

Proposed IWH-IWCity merger may include Ekovest’s land and property-related assets.

According to the alignment, 159.4km of rail line would run at grade (above ground), 153.4km would be elevated while 14.9km would traverse underground.