Negative pressure on IWC shares expected

KUALA LUMPUR (May 8): All eyes will be on Iskandar Waterfront City Bhd (IWC) when trading resumes today, with market players saying there could be a knee-jerk reaction in the short term due to uncertainty around the company after a RM7.

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ICSB refutes agreement with TRX on Bandar Malaysia has lapsed

KUALA LUMPUR (MAY 5): IWH CREC Sdn Bhd (ICSB) has refuted the claims made by TRX City Sdn Bhd that it had failed to meet the payment conditions precedent under the share sale agreement (SSA) between the two parties regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia Sdn Bhd.

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Either 1MDB or MoF to foot refund of RM741m deposit

KUALA LUMPUR (May 5): Questions are now being raised over who will refund the RM741 million deposit paid by a consortium led by Iskandar Waterfront Holdings Sdn Bhd (IWH) to acquire a 60% equity interest in Bandar Malaysia Sdn Bhd after the deal was called off on Wednesday.

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