Najib: TRX, Bandar Malaysia to announce RFP soon

KUALA LUMPUR (May 17):  TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd will soon announce the request for proposal (RFP) process, inviting expressions of interest for the role of master developer of Bandar Malaysia, Bernama reported Prime Minister Datuk Seri Najib Tun Razak saying today.

READ MORE

Ekovest in spotlight on IWCity cue

KUALA LUMPUR (May 16): Ekovest Bhd fell as much as five sen or 4% on profit taking today after the construction and property group's shares rose yesterday on bargain hunting.

READ MORE

Deposit returned to IWH CREC

KUALA LUMPUR (May 12): IWH CREC Sdn Bhd has received the refund of RM741 million that it had paid as deposit to purchase a 60% equity stake in Bandar Malaysia Sdn Bhd for RM7.

READ MORE

Still a big question mark over Bandar Malaysia

Construction sector Maintain overweight call: Over the weekend, local newspapers covered several “what if” scenarios following the termination of the share sale agreement of the 60% stake in Bandar Malaysia to the 60:40 consortium formed by Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) — valued at around RM7.

READ MORE