Developer Malton shares hit all-time high; warrants surge
KUALA LUMPUR (May 17): Shares in Malton Bhd, the property developer controlled by tycoon Tan Sri Desmond Lim Siew Choon, settled at their highest closing price of RM1.
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.
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.
Gadang up 2.34% on winning TRX City job
KUALA LUMPUR (May 11): Gadang Holdings Bhd rose 2.
Gadang JV bags RM327.9 mil road infrastructure job from TRX City
KUALA LUMPUR (May 9): Construction firm Gadang Holdings Bhd says its 51%-owned joint venture company Gadang CRFG Consortium Sdn Bhd has bagged a major traffic dispersion and improvement job from TRX City Sdn Bhd worth RM327.
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.
IWC hits limit-down after Bandar Malaysia deal collapsed
KUALA LUMPUR (May 9): Iskandar Waterfront City Bhd’s (IWC) share price took a nosedive and hit limit-down shortly after the opening bell as it resumed trading yesterday, wiping out RM759.
‘My removal from TRX City and Bandar Malaysia expected’
KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy has yet to receive any “official notification” of being removed from the board of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd.
Malton says not in talks with EPF, Dalian Wanda on Bandar Malaysia
KUALA LUMPUR (May 8): Malton Bhd said it is "not" in talks with the Employees Provident Fund (EPF) and China-based Dalian Wanda Group Co Ltd to jointly bid for the Bandar Malaysia property project within the old airport site in Sungai Besi here.
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.
