KUALA LUMPUR: IWH CREC Sdn Bhd (ICSB), the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC), takes the termination of the Bandar Malaysia development agreement very seriously.
IWH CREC said in a statement that it was reviewing, together with its advisors and legal counsel, the content of the termination notice and press statement issued by TRX City Sdn Bhd.
Below is the full statement:
IWH CREC Sdn Bhd (ICSB) has today received a notice of termination issued by TRX City Sdn Bhd (TRXCSB) in relation to the share sale agreement entered into between ICSB and TRXCSB on 31 December 2015 (termination notice).
ICSB is concerned with the content of the termination notice and the subsequent press release issued by TRXCSB, which, given the factual matrix, does not fully and accurately reflect the circumstances and conduct of the parties in this matter.
ICSB takes this matter very seriously and is at present reviewing the content of the termination notice and press release, with its advisors and legal counsel. A further announcement on this matter will be made in due course.
Click here for the statement issued by TRX City Sdn Bhd: https://klse.i3investor.com/blogs/shareshare/122041.jsp
Source: http://www.thestar.com.my/business/business-news/2017/05/03/iwh-crec-takes-termination-of-bandar-malaysia-agreement-very-seriously/
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Created by Flying Fox | Apr 06, 2017
.As a Malaysian, I am glad they cancel this deal.....
The land should remain with the government to be developed by our companies such as SP Setia, Sime Darby...
Who is this Ekovest and CREC anyway.?
2017-05-04 00:03
IMDB NEED TO BE THE MASTER DEVELOPER AND NO ONE ELSE....IN ORDER TO RECOUPED THE BIG LOSSES....ON 1MDB SCANDAL AND PAY THE GOVT FOR THE GUARANTEE AND SETTLEMENT WITH DUBAI LOH....!!
2017-05-04 11:09
CREC is one of the china corporation involved in railway construction, but they have some settlement with government. wait and see
2017-05-06 15:26
没怎么读到书的市集人
Empty response from IWC
2017-05-03 22:09