Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses

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.

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Fung Wong Biscuit’s move to new shop halted by lockdown

KUALA LUMPUR (July 14): The fourth generation owner of Fung Wong biscuit shop in Petaling Street, Melvin Chan, found himself in a limbo when the tenancy of the old shop expired on July 1, 2021, and he was unable to move to his new shop on time due to the extended lockdown which began on June 1.

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