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.
IWCity extends loss, tumbles 23.6% in active trade
KUALA LUMPUR (May 9): Iskandar Waterfront City Bhd (IWC) shares took more beating this morning in active trade and fell 23.
IWCity tumbles 29.87% on termination of Bandar Malaysia deal
KUALA LUMPUR (May 8): Iskandar Waterfront City Bhd (IWCity) shares plunged this morning with no firm signal of a reversal of the Bandar Malaysia sale termination emerging.
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.
The elements needed for Iskandar Malaysia’s success
JOHOR BAHRU (May 7): Infrastructure, connectivity, branding, economic activity and educational facilities are essential elements of Iskandar Malaysia’s success, according to stakeholders of the economic zone in Johor who shared their views at the second Marketplace Series of Forums organised by the Asian Strategy & Leadership Institute and the Full Gospel Business Men’s Fellowship on May 2.
Asian Pac to launch Fortune Centra mixed development in Kepong
KUALA LUMPUR (May 7): Asian Pac Holdings Bhd will be officially launching a mixed development known as Fortune Centra in Kepong, Kuala Lumpur on May 20.
Tony Pua to IWH CREC : Show payment proof on Bandar Malaysia stake buy
KUALA LUMPUR (May 6): IWH CREC Sdn Bhd needs to show evidence it has fulfilled payment obligations for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd to proof IWH CREC's credibility, Petaling Jaya Utara MP Tony Pua said.
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.
