http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=79424&name=EA_GA_ATTACHMENTS

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=79424&name=EA_GA_ATTACHMENTS

KUALA LUMPUR (May 5): IWH CREC Sdn Bhd, a 60:40 joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering (M) Sdn Bhd, has dismissed as unacceptable claims by TRX City Sdn Bhd that the share sale agreement (SSA) over the sale of a 60% equity interest in Bandar Malaysia Sdn Bhd has lapsed.

On Wednesday, IWH CREC received a letter from TRX City informing it that the SSA dated Dec 31, 2015 entered into between the two parties has lapsed, after IWH CREC failed to meet the payment obligations outlined in the conditions precedent under the deal. TRX City is a wholly-owned subsidiary of the Ministry of Finance.

In a statement today, IWH CREC, however, maintained that it has fulfilled all the required payment obligations under the SSA on its part towards TRX City to date.

"IWH CREC has written to TRX City to express that TRX City's unilateral declaration that the SSA has lapsed is unacceptable. IWH CREC reserves all its rights in this matter," it said.

IWH CREC also said TRX City's allegation that the SSA has lapsed runs contrary to the conduct of the parties in progressing the SSA towards its completion in accordance with the spirit of the SSA thereof.

This follows a detailed and thorough review of IWH CREC's and TRX City's respective obligations under the SSA including the agreed process/milestones with regard to fulfilment thereof, and relevant records.

"Prior to IWH CREC's receipt of the TRX City letter, TRX City was aware that IWH CREC has complied with the conditions precedent and accordingly the SSA has become unconditional.

"IWH CREC has officially requested TRX City for completion of the SSA," it added.

IWH CREC also said it has sufficient financial resources and capabilities to ensure the smooth and successful execution and implementation of the development of the Bandar Malaysia project in Sungei Besi here.

http://www.theedgemarkets.com/article/prestar-resources-buys-rest-road-furniture-manufacturing-unit

Double digit growth and double digit margin ... coming QR Should see this KPI achievable of not ...

Oil going down because of OPEC deal going to end and the there is uncertainty in extension. So the perception of oil traders are bearish. It's downtrend . Wait till OPEC meeting completes then we shall see the clearer picture. SK petro should post great QR nonetheless.

Come on take over 50cents

Ekovest is a gem. Holding since last year ...this turbulence was the worse seen for this stocks buy it is temporary and shall commence upwards.goood luck all

Well, there is dispute between cancelation statement by TRX and IWH. So trading is suspended to make clear of the isssue. Why trade in uncertainty. When the proposed merger occurred between IWH -IWC they did suspend. So the involved party is directly linked and suspend is needed. It's not because of counter limit down or up art the opening.

Investing comes with risk ..

Give extra dividend also la

Yes thanks for the clarification. Hope by next week can break 80 cents . Expecting a good QR Too

http://www.theedgemarkets.com/article/‘financing-place-iwh-crecs-bandar-malaysia-buy’

Excel you hope you can clarify the worth of contract under them now ..

Kelington said it had now secured up to RM76.05 million worth of new orders in the first quarter of 2017, bringing its current outstanding order book total to RM239.3 million.

Ekovest Berhad calls today’s selldown a temporary
phenomenon
Managing Director Datuk Seri Lim Keng Cheng urges investors to continue to evaluate how each of Ekovest’s divisions is managed and run, as it better reflects the company’s fundamentals
KUALA LUMPUR, 4 MAY 2017 – Ekovest Berhad (“Ekovest” or “Company”), a Bursa Malaysia Main Market listed company involved inconstruction, property development and infrastructure concession businesses, has today addressed the sell-down of the Company’s shares a temporary phenomenon.
Ekovest Berhad Managing Director Datuk Seri Lim Keng Cheng said: “We believe the sell-down of Ekovest shares today is just a temporary phenomenon, as our fundamentals remain strong and intact. I call upon the investors to continue to evaluate how each of Ekovest's business divisions are managed and run, as it better reflects our performance.
“It is best to avoid any speculation and focus on fundamentals and the facts that are known. Ekovest’s prospects remain promising due to its active assets and strong cash flow generation. I hope the market will continue to keep its focus on the intrinsic merits of our businesses. The company has been run professionally and independently since its incorporation. It has a deeply entrenched value system and an extensive talent pool,” he added

The core reason it goes up because IWH merge to IWC.. bandar malaysia is part of it only ...

Buy ... st least half of your targeted lots

My worry is not IWC / Ekovest but largely on KLCI Overall , since this deal is negative overall ..

It's due to China capital control policy recently implemented. So IWC can't get the money to pay TRX... now the headache would be how does IWH react to this ..

he request for suspension is made under subparagraph 3.1(a)(ii) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pursuant to the receipt of a letter from Iskandar Waterfront Holdings Sdn. Bhd., who is the major shareholder of IWC, informing the Company of its intention to undertake a restructuring exercise, which involves the Company.

This announcement is dated 4 May 2017.

Voluntarily suspension so no date yet ..

Wonder this news is the one caused the whole market be in
Red

Uptrend shall commence

This really going to be a show man.. Damn i have little bit shares left here..

Most counter drops and index is on correction mode ..: should accumulate more ..

Below 1 is tough to get ..

Go higher up prestar ..

The qr would be catalyst to seek highest resistance.

Still holding

I agree need re rating for steel company ..

Where to find this stock god guys

I am in too.. just found out how undervalued this counter over the weekends. 1st thing buy today morning at 1.00.. good luck all you

Ekovest pumping higher up

Thanks for the basics on the bank valuation . Never liked banking stocks . Hope you can elaborate all the variables and ratio ..

In money making , there is crook everywhere , not only bursa , sti also have , even property also got .. just stop dancing the when the songs is over ...

Hong Kong should contribute by next 2Q

The Group believes this three-pronged strategy builds upon strong foundations of Kronologi as a specialist in enterprise data management solutions and its recent acquisition of QSI. Accordingly, barring unforeseen circumstances, the Directors expect:
1. The financial performance in FY2017 is expected to be more optimistic than that of FY2016 in view of the full consolidation of revenue and profit of QSI;
2. The Group’s Transnational Infrastructure is expected to be rolled out in stages from 2H FY2017, with initial expansion efforts focused on Malaysia followed by a new physical point of presence in Hong Kong; and
3. BeyondgeographicalexpansioninIndiaandinSoutheastAsia,theGroupwill also seek to add differentiated value by increasing activities of Managed Services. The latter’s contribution to total revenue is currently less than 10% and the Group has a medium term goal of doubling its current revenue contribution

Teh growth prospect is want investor wants to see. PE and Dicidend is just superficial analysis. Not enough to determine the growth prospect.

Close at high is good for next week

I made lost few years back with KRONO .. with management change I believe it will be major breakthrough in the company business .. will add further..

Hope close 50 cents

He is still there, Just that his holdings not significant enough to be reported... So he just like you and me, retailers... So don't bother much, stick to big picture

bonus on 9th may ex-date...Dividend up next

Creating the perception he is the best but in fact not really. tech Counter move up already now only want to enter ...

BONUS ISSUE OF 136,000,000 NEW ORDINARY SHARES IN SAMCHEM (SAMCHEM SHARE(S)) (BONUS SHARE(S)) TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF 1 BONUS SHARE FOR EACH EXISTING SAMCHEM SHARE HELD AT 5.00 P.M. ON 12 MAY 2017 (ENTITLEMENT DATE

Exactly, the OPEC meeting on 30th November was the actual catalyst for the recent uptrend. Next extended cut with positive QR (definitely) would have another uptrend... maybe even stronger...

It should break the 2.10 before expect any upwards .. plus any announcement about contract too not going to budge this share .. oil price and OPEC oil cut will bring the rally again ...still bullish on this stock..

Sell at the right time is always my problem :.

Great penta , I am in at 2.45 ... wish all here best of luck ...

Re enter Ekovest again... hope the uptrend continue