KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya's RM7.
KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.
KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.
KUALA LUMPUR (Oct 22): Ekovest Bhd has secured more time to consider a proposal to acquire a 40% stake in IWH-CREC Sdn Bhd, the main player in the Bandar Malaysia development.
KUALA LUMPUR (Sept 17): Former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman (pictured) was offered almost triple his salary in his previous company to join 1MDB, the High Court heard today.
KUALA LUMPUR (Sept 9): Ekovest Bhd is going to start exclusive negotiations to acquire 40% of the equity stake held by Iskandar Waterfront Holdings Sdn Bhd (IWH) in the joint venture company that is taking part in the Bandar Malaysia project.