News about EC

PUTRAJAYA (Dec 17): The construction of Bandar Malaysia is expected to kick start “very soon” after a deal has been inked between Putrajaya and the consortium formed by lskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corporation (M) Sdn Bhd (CREC) today.

PUTRAJAYA (Dec 17): Prime Minister Tun Dr Mahathir Mohamad said the government will go ahead with the Kuala Lumpur-Singapore High Speed Rail (HSR) after making "some adjustments" to reduce the project's costs.

KUALA LUMPUR (Dec 17): OldTown Bhd's indirect wholly-owned unit Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) is currently under criminal investigation by the Chinese Public Security Bureau for suspected contract fraud.

KUALA LUMPUR (Dec 17): Political analyst Abdul Razak Baginda’s (pictured) lawyer wants contempt proceedings initiated over Azilah Hadri's statutory declaration (SD), reported Malaysiakini yesterday.

SHAH ALAM (Dec 16): The police has to view the statutory declaration (SD) made by ex-Special Action Unit (UTK) officer Azilah Hadri implicating former prime minister Datuk Seri Najib Abdul Razak in the killing of Altantuya Shaariibuu before deciding on what to do next, Malaysiakini reported Bukit Aman saying today.

KUALA LUMPUR (Dec 16): River Retreat Sdn Bhd (RRSB), a company indirectly owned by Khazanah Nasional Bhd and Tan Sri Lim Kang Hoo's Iskandar Waterfront Holdings Sdn Bhd, is selling a piece of land in Iskandar Puteri, Johor, to Eco World Development Group Bhd (EcoWorld) for RM304.

KUALA LUMPUR (Dec 16): Eco World Development Group Bhd (EcoWorld) subsidiary Melia Spring Sdn Bhd has entered into a developmental agreement with Permodalan Darul Ta'zim Sdn Bhd (PDT) and a sale and purchase agreement (SPA) with River Retreat Sdn Bhd (RRSB) on Dec 15.

KUALA LUMPUR (Dec 16): Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are back on the radar as their common shareholder Tan Sri Lim Kang Ho is expected to kickstart the Bandar Malaysia project (pictured) via joint venture IWH-CREC Sdn Bhd.

Eco World Development Group Bhd (Dec 13, 74 sen) Maintain hold with a higher fair value (FV) of 73 sen: Eco World Development Bhd’s (EcoWorld) financial year 2019’s (FY19) net profit of RM203.

Eco World International Bhd (Dec 13, RM1) Downgrade to hold with a higher target price (TP) of RM1.