News about IWC

Bursa has the right to proceed to suspend the trading of the listed securities of IWCity and to de-list the company if IWCity fails to submit the regularisation plan before Sept 24, fails to obtain approval from any of the regulatory authorities necessary for the implementation of its regularisation plan or fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Its previous external auditor Messrs Ernst & Young PLT (EY) has resigned KUALA LUMPUR (Sept 7): Iskandar Waterfront City Bhd (IWCity) has appointed Messrs Crowe Malaysia PLT as its new external auditor.

Its construction business was also weighed by higher material and operating costs, including administrative costs and finance costs, the property developer said in a stock exchange filing.

KUALA LUMPUR (June 13): Iskandar Waterfront City Bhd (IWCity) has decided not to appeal against the rejection of the relief application by Bursa Securities and said that it is now a Paragraph 8.

KUALA LUMPUR (May 17): Diversified property developer and construction group Iskandar Waterfront City Bhd (IWCity) on Friday announced it is disposing of two parcels of vacant unconverted developed land in Tanjung Danga, Johor to construction and property developer Knusford Bhd.

KUALA LUMPUR (April 19): Iskandar Waterfront City Bhd (IWCity) today announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group.

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 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.

  KUALA LUMPUR (June 19): Bursa Malaysia has suspended regular short selling (RSS), intraday short selling (IDSS) and propriety day trading (PDT) of Iskandar Waterfront City Bhd (IWCity) until tomorrow morning.

KUALA LUMPUR (April 8): Shares of Iskandar Waterfront City Bhd (IWCity) rose as much as 12% in active trades this morning, as positive sentiment over the possible revival of the East Coast Rail Link (ECRL) continues to improve sentiment surrounding mega projects in the country.