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Sime Darby, MSM, PetChem, Heineken, Green Packet, MBSB, Genting Plantations, Symphony Life, Ekovest, Boustead Plantations, Hap Seng and TH Plantations

Sime Darby, MSM, PetChem, Heineken, Green Packet, MBSB, Genting Plantations, Symphony Life, Ekovest, Boustead Plantations, Hap Seng and TH Plantations
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Kuala-lumpur
Malaysia
Muar
Johor
Labuan
Singapore
Ekovest-bhd
Kang-hoo
Sime-darby-bhd
Petronas-chemicals-group-bhd-petchem
Pte-ltd
Labuan-financial-services-authority

Ekovest deal to buy into IWH-CREC lapses after Bandar Malaysia deal fell through

KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya s RM7.4 billion sale of 60% in the project to a joint venture of IWH. On Wednesday, it was announced that IWH-CREC Sdn Bhd s proposed acquisition of 60% in Bandar Malaysia from the Ministry of Finance s TRX City Sdn Bhd (TRXC) for RM7.4 billion lapsed in May as the parties involved did not meet the conditions precedent for the deal. IWH-CREC is a 50:50 joint venture between IWH and China Railway Engineering Corp (M) Sdn Bhd.

Kuala-lumpur
Malaysia
Pulai
Johor
Sdn-bhd
Ekovest-bhd
Kang-hoo
China-railway-engineering-corpm-sdn-bhd
Ministry-of-finance
Iskandar-waterfront-holdings-sdn-bhd
Bandar-malaysia
China-railway-engineering-corp

Hiatus for Bandar Malaysia project

The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated. On Wednesday, the Finance Ministry (MoF) and IWH-CREC Sdn Bhd (ICSB) mutually agreed to terminate the deal for the latter to buy a 60% stake in the Bandar Malaysia project that is located in the former Air Force base in Sungai Besi for RM7.4bil. PETALING JAYA: It is back to the drawing board for the mammoth multi-billion ringgit Bandar Malaysia project, which experts believe will be resuscitated at a later date. The property project, which was first introduced in 2015, was once shelved by the government back in 2017 after it was abruptly terminated.

China
Malaysia
Johor
Petaling
Malaysia-general
Sdn-bhd
Ekovest-bhd
Kang-hoo
China-railway-engineering-corpm-sdn-bhd
Malaysia-development-bhd
Iskandar-waterfront-holdings-sdn-bhd
China-railway-group-ltd

Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses

Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Kuala-lumpur
Malaysia
Sdn-bhd
Bhd-iwcity
Ekovest-bhd
Kang-hoo
China-railway-engineering-corpm-sdn-bhd
Iskandar-waterfront-holdings-sdn-bhd
Ekovest-holdings-sdn-bhd
Iskandar-waterfront-city-bhd
Tan-sri-lim-kang-hoo
Bursa-malaysia

IWH-CREC's RM7.4 billion deal to buy 60% stake in Bandar Malaysia falls through

IWH-CREC's RM7.4 billion deal to buy 60% stake in Bandar Malaysia falls through
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

China
Kuala-lumpur
Malaysia
Singapore
Malaysian
Sdn-bhd
Kanda-kandasamy
Pakatan-harapan
Najib-razak
Mahathir-mohammad
Kang-hoo
Tun-razak-exchange

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