IWCity, Ekovest hit limit up on Bandar Malaysia revival
(The Sun Daily) – Tycoon Tan Sri Lim Kang Hoo-linked Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd and hit limit up this morning on the revival of the Bandar Malaysia project.
At 11.45am, IWCity was trading 30 sen or 29.14% higher at RM1.32 on 14.53 million shares done, while Ekovest was trading 29 sen or 43% higher at 96 sen with 183.1 million shares changing hands.
Last Friday, Prime Minister Tun Mahathir Mohamad said the government welcomes the commitment by Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp Sdn Bhd (CREC) to make an advance payment of RM500 million, in addition to the original deposit sum of RM741 million to be paid within 60 days from the date that the government officially reinstates the project.
IWH and CREC were the winners of the Bandar Malaysia project before their status as the master developer was scrapped in May 2017. IWCity is a subsidiary of IWH. Tan is the executive vice chairman of IWCity and executive chairman of Ekovest.
Kemunculan kembali kroni-kroni dan proksi zaman 1980an dan 1990an
Ekovest Berhad
Ekovest adalah sebuah syarikat pembinaan yang ditubuhkan oleh Lim Kang Hoo. Ekovest menjadi terkenal kerana penglibatannya didalam pembinaan Menara Berkembar Petronas (KLCC), Kuala Lumpur International Airport (KLIA), dan bangunan-bangunan utama di Putrajaya semasa Tun Dr Mahathir Mohamad menjadi Perdana Menteri Malaysia keempat.
Iskandar Waterfront Holdings
Iskandar Waterfront Holdings mempunyai nilai pembangunan kasar berjumlah RM125 bilion didalam projeknya yang merangkumi tanah seluas 4000 ekar tanah di Iskandar Johor. Pelabur-pelabur yang bekerjasama didalam projek Iskandar ini ialah ‘Billionaire’ Robert Kwok, Peter Lim dan Jeffery Cheah, serta beberapa syarikat pembangunan hartanah yang terbesar di China (Country Garden Holdings), Greenland dan Australia.
Govt revives Bandar Malaysia, IWH-CREC ups advance payment to RM1.24b
(The Edge Markets) – Prime Minister Tun Dr Mahathir Mohamad today announced the revival of the Bandar Malaysia project, which was abruptly terminated in May 2017.
The decision was made after due deliberation during a Cabinet meeting on Wednesday, Bernama quoted him as saying.
Dr Mahathir said Bandar Malaysia would have a significant impact on Malaysia’s economy and would serve as a global hub to further attract high impact global finance, technology and entrepreneurial firms.
The Prime Minister’s Office (PMO), in a statement, said IWH-CREC Sdn Bhd, the project’s master developer, is committed to make an additional advance payment of RM500 million.
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