Eco World International to go for direct listing

KUALA LUMPUR (June 18): Eco World International Bhd (EWI), a special purpose entity set up by major shareholders of Eco World Development Group Bhd (Eco World) to acquire real estate assets for development overseas, has withdrawn its plans to list as a special purpose acquisition company (SPAC) that was to raise RM1.

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Johor international zones will reduce market speculation

The proposed implementation of “international zones” for the purchase of residential property by foreigners in Johor is likely to dampen demand for luxury properties outside of them that are priced above RM1 million, real estate agents familiar with the Johor market tell The Edge Property.

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