“This strategic partnership is set to accelerate the development of LIDO into a dynamic, world-class metropolis in the heart of Malaysia’s Southern region.
Bursa Malaysia Securities granted the extension after IWCity sought more time to finalise the regularisation plan from the original deadline of March 24.
In a bourse filing, the property developer said it had entered into a conditional settlement agreement with Rampai Fokus Sdn Bhd (RFSB) — an indirect wholly-owned unit of its major shareholder, Iskandar Waterfront Holding Sdn Bhd — to convert the amount it owed to RFSB into IWCity shares.
Located on a 4-acre land, Skypark Kepler, with a gross development value of RM2.
Skypark Kepler is a premium serviced apartment which will be jointly developed with Banyan Group, an independent global hospitality company.
Lido Waterfront Boulevard is a freehold, integrated mixed development, which will be built on 163 acres of reclaimed land, located along the Johor City Centre waterfront facing Singapore.
"The Country Heights Group has faith and trust in the administration of the OR, and we have already deposited 10% of the total PoD as of February 2024, amounting to RM 380,000 while waiting for the final admission of PoD.
“The proposed industrial park, about the size of 1,000 football fields, will be one of the largest purpose-built fully integrated new industrial estates in Johor.
The plan comprises the RM3.
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