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 (April 26): IJM Corp Bhd has clarified that it has not received "any formal proposal or offer from any party expressing interest for a corporate merger” at this juncture.
KUALA LUMPUR (April 6): Ekovest Bhd is purchasing a total of 38.
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 (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 3): Iskandar Waterfront Holdings Sdn Bhd (IWH) is considering an initial public offering as early as next year, Bloomberg reported today.
IWCity: IWH hasn’t submitted new Bandar Malaysia bid, unaware of reason for sharp rise in share price
KUALA LUMPUR (July 21): Iskandar Waterfront City Bhd (IWCity) announced that its parent firm, Iskandar Waterfront Holdings Sdn Bhd (IWH), has not submitted a fresh bid for projects related to the development of Bandar Malaysia, which was earlier touted to be worth RM160 billion in gross development value.