mmf2332, you shoud reject the offer because IWHCREC will be reinstated as master developer for Bandar Malaysia. They will merge IWH & IWC because BM need land sale cash from IWCity. By then you can sale your shares at RM3.2 not at RM1.50.

75% from (40% minority which own by public) mean 30% from 62% total of minority shares.

If too bad they have reached 75%, then no choice all shares have to be surrendered.

Your agent will inform you. Just reply your agent that you reject the offer. If they can't reach 75% acceptance of offer you can reject the offer.

JY108, You want to sale to them at RM1.50, then buy back at RM3-5 when IWH listing?

At the end all land sale cashes will go to IWH. And Ekovest own IWH shares by share swap with its IWCity shares. Once listing IWH they will sale you all at RM3 to 5 and announce Bandar Malaysia Master Developer IWHCREC has reinstated.

Refer to the letter from Mercury Securities SB dated:12th March 2018, page 1. "CONDITIONAL voluntary take-over offer by Ekovest to acquire the offer shares at the offer price"

Or

Refer to Offer Document dated: 12th March 2018, page 8. Item 1.2(ii)IWH-IWCity Share Swap: "Following the completion of the Offer, IWH will provide the opportunity to Ekovest to participate in the Proposed Listing. For this purpose, Ekovest is to DISPOSE of its IWCity Shares to IWH in exchange for the issuance of new ordinary shares in IWH."

At the end all land sale cashes will go to IWH. And Ekovest own IWH shares by share swap with its IWCity shares. Once listing IWH they will sale you all at RM3 to 5 and announce Bandar Malaysia Master Developer IWHCREC has reinstated.

Refer to the letter from Mercury Securities SB dated:12th March 2018, page 1. "CONDITIONAL voluntary take-over offer by Ekovest to acquire the offer shares at the offer price"

Or

Refer to Offer Document dated: 12th March 2018, page 8. Item 1.2(ii)IWH-IWCity Share Swap: "Following the completion of the Offer, IWH will provide the opportunity to Ekovest to participate in the Proposed Listing. For this purpose, Ekovest is to DISPOSE of its IWCity Shares to IWH in exchange for the issuance of new ordinary shares in IWH."

U r welcome insighout, the land sale cash will go to IWH not Ekovest.

Follow IWH to reject the offer.

75% from (40% minority) is 30% + 22% KPRJ & unknown = 52%; Ekovest will take over and delisting IWC with consent letter from IWH for delisting. They need 30% from (40% minority who not their member) to take over.

38% IWH (Rejected) + 62% Minority (Ekovest need >50% voting shares to take over and delisting IWC)

IWH Confirmed reinstated as Bandar Malaysia master developer. Reject the offer don't let the land sale cash go to IWH.

IWH Confirmed reinstated as Bandar Malaysia master developer. Reject the offer don't let the land sale cash go to IWH.

Reject the offer. Don't let the land sale cash go to Ekovest and transfer to IWH

Ekovest share wouldn't go to 1.50. They very happy to buy back in cash. If share swap is even better deal for them. All IWCity share swap with Ekovest will stay as Ekovest share at lower price 0.94 and they will transfer IWCity shares to IWH later.

Ekovest share wouldn't go to 1.50. They very happy to buy back in cash. If share swap is even better deal for them. All IWCity share swap with Ekovest will stay as Ekovest share at lower price 0.94 and they will transfer IWCity shares to IWH later.

They use Ekovest to buy back IWCity then later Ekovest transfer IWCity share swap with IWH to merge. IWH Confirmed reinstated as Bandar Malaysia project master developer.

Reject the offer. Don't let the land sale cash go to Ekovest and transfer to IWH.

They use Ekovest to buy back IWCity then later Ekovest transfer IWCity share swap with IWH to merge. IWH Confirmed reinstated as Bandar Malaysia project master developer.

Sale IWC at 1.31 and buy Ekovest at 0.98. Then once acquisition Ekovest will be at 1.50? Really got big Katak on the road?

If go Holland then Ekovest and IWC Directors go to Holland together.

Follow Ekovest. Buy IWCity shares.

Ekovest acquire IWCity share from KPRJ @1.50 total of RM80mil. and become minority share holders of IWCity. IWH merge with IWC to be continued once BM master developer will reinstated for IWHCREC.

@tokok88; impressive summary. That's why they need 75% to accept the offer. Only 40% minority not same gang with them.

wait to buy in at lower price once EGM approved to spend millions of cash to buy IWC @ 1.50.

Ekovest no need to wait for EGM to buy IWC @1.50. Buy IWC now @ 1.31 only.

Ekovest not need moneys, they have sale 40% Duke 1&2 for cash flow. BM need IWC moneys cash flow.

China have help to pay 1mdb dept.

IWHCREC will reinstated as BM master developer. IWH IWC merge continue.

Acquisition will be extended if they still yet buy back IWC shares enough. People's still hold it.

Richpapa very letchai

56mil. expenses for diretors ESOS are company loss. Very funny? If share increase got profit for company? or keep inside diretors porket?

ya.. right

ran777rpt, Johor government so stupid to sale their asset in 1.50? This is Johor land own by Johor peoples. Ekovest so nice to sale you their share in this low price? They just want to buy back IWCity shares.

I just want to say IWH was submitted for the master planning.

CrazyNutBull, friend... the planning approval already locked up by IWH

No new master developer can take over the BM project if the termination is not agreed by both parties. No release letter from IWH CREC.

http://www.xinhuanet.com/english/2016-06/17/c_135445279.htm

ngng, who presented the BM master planning model in front of media with PM?

ngng, who do the submission to DBKL?

The project already got the DBKL master planning approval in principle. So, you wait and see... or go DBKL to check yourself.

BM master developer going to announce soon. IWH CREC to be reinstated as master developer. Merger IWH + IWC continue.

Keep as long term saving. Immediate 10% interest.

Going to receive bonus soon, will buy more once moneys received.

TP is 1.50 for IWC acquisition. Why still waiting? Quickly buy now.

Yes. Sure can go through. Ekovest only need to pay 51.8cents per share.

Yes! I'm ready... Buy more if the price drop drop drop...

If acquisition deal, KPRJ shares confirmed by cash 80millions. Q2 results won't be good. Take your own risk if voting yes to deal.