Ekovest, IWCity shares tumble following takeover bid

KUALA LUMPUR (Nov 2): Shares in Ekovest Bhd tumbled as much as 22% yesterday, as investors reacted negatively to news that its executive chairman and major shareholder Tan Sri Lim Kang Hoo intends for it to acquire a 62% stake in Iskandar Waterfront City Bhd (IWCity).

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