Ekovest told Bursa Malaysia on Friday that it is disposing of its entire stake in Ekovest Construction Sdn Bhd (ECSB) to Knusford Bhd for RM450 million.
Lim, who is a major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), said he has proposed to undertake a reorganisation, rationalisation and merger proposal involving these companies, for the consideration of the boards of directors.
In a filing to Bursa Malaysia on Wednesday (July 26), Ekovest said it has signed the collaboration agreement with Shenzhen Maoxiong Co Ltd (MX) and Anxi County People's Government (Anxi).
KUALA LUMPUR (Aug 26): Ekovest Bhd, which is controlled by tycoon Tan Sri Lim Kang Hoo, is proposing to provide financial assistance amounting to S$77.
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.
KUALA LUMPUR (April 24): Ekovest Bhd managing director Lim Keng Cheng (pictured) today assured shareholders that he remains active as the group's MD, despite having ceased as a substantial shareholder of the group.
KUALA LUMPUR (April 6): Ekovest Bhd is purchasing a total of 38.
KUALA LUMPUR (March 27): Plans to list Iskandar Waterfront Holdings Sdn Bhd (IWH) is now “scheduled for the second half of this year, instead of the first half as planned,” a source told The Edge Malaysia in a report this week.
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