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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 , 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 , Tan Sri Lim Kang Hoo , Credence Resources Sdn Bhd , Iskandar Malaysia , Iskandar Waterfront City Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , காங் ஹூ , அமைச்சகம் ஆஃப் நிதி , இஸ்கண்தார் நீர்முனை ஹோல்டிங்ஸ் ஸ்டன் ப்ட் , பந்தர் மலேசியா , சீனா ரயில்வே பொறியியல் கார்ப் , பழுப்பு ஸ்ரீ லிம் காங் ஹூ , நம்பகத்தன்மை வளங்கள் ஸ்டன் ப்ட் , இஸ்கண்தார் மலேசியா , இஸ்கண்தார் நீர்முனை நகரம் ப்ட் ,

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 , 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 , Bandar Malaysia Sdn Bhd , Bandar Malaysia , Sungai Besi Airport , China Railway Engineering Corp , Credence Resources Sdn Bhd , Ekovest Holdings Sdn , குவாலா லம்பூர் , ஸ்டன் ப்ட் , காங் ஹூ , இஸ்கண்தார் நீர்முனை ஹோல்டிங்ஸ் ஸ்டன் ப்ட் , இஸ்கண்தார் நீர்முனை நகரம் ப்ட் , பழுப்பு ஸ்ரீ லிம் காங் ஹூ , பந்தர் மலேசியா ஸ்டன் ப்ட் , பந்தர் மலேசியா , சுங்கை பெஸி விமான ,

HLT Global, Boustead, Magna Prima, IWCity, Tan Chong, AmFirst REIT, Homeritz, Freight Management, M3, MAHB and Artroniq

HLT Global, Boustead, Magna Prima, IWCity, Tan Chong, AmFirst REIT, Homeritz, Freight Management, M3, MAHB and Artroniq
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 Langat , Malaysia General , Pulau Pinang , Kuala Lumpur , Bhd Iwcity , Sunway Bhd , Lee Pei Mei , Randhill Singh , Steven Wong , Artroniq Bhd , Asia Pacific , Yeoh Guan Fook , Geng Lun , Yoong Nyock , Aeropolis Sdn Bhd , Jalan Cochrane , Kwan Siew , Asia Bhd , Sdn Bhd , Khun Seng , Everhallm Sdn Bhd , Tiong Nam Logistics Holdings Bhd , Amfirst Real Estate Investment Trust Am , Tan Chong Motor Holdings Bhd , Freight Management Holdings Bhd , Wong Engineering Corp Bhd ,

Longer gestation period for developments along now-scrapped HSR line

THE termination of the Kuala Lumpur-Singapore high-speed rail (HSR) project is a setback for the property developments that had hoped to tap the potential of the mega transport endeavour.
While there has been talk of having a domestic HSR from KL to Johor Baru, there is no certainty as to whether it will materialise in the near term. Thus, the gestation period for Bandar Malaysia the HSR terminus in KL and Vision Valley 2.0 projects could take longer than planned.
However, a corporate observer familiar with the Bandar Malaysia development is unfazed by the possible delay as a result of the termination. “This project is not going to happen in five years. So, what is the difference if it is extended by another five years? After all it is a 20- to 30-year project,” she tells The Edge. ....

Port Dickson , Negeri Sembilan , Kuala Lumpur , Foo Gee Jen , Mahathir Mohamad , Kang Hoo , Sdn Bhd , Johor Baru , Lum Joe Shen , Iskandar Puteri , Nilai Impian , Ekovest Bhd , China Initiative , Iskandar Waterfront Holdings Sdn Bhd , Kenanga Research , China Railway Engineering Corp , Kuala Lumpur Singapore , Bandar Malaysia , Vision Valley , Bandar Malaysia North , Bandar Malaysia South , Sime Darby Property Bhd , Malaysia Vision Valley , Sime Darby Property , Tan Sri Lim Kang Hoo , Road Initiative ,