Today's IWcity is the new IWH/IWcity combination and that's why price keeps going up. QR to me is not relevant.

Very valuable landbanks. Tomorrow close eyes and just buy!

“With the proposed listing of the IWH Group, this will provide investors with the opportunity to invest in the strategic land bank located in this prime area in the heart of Kuala Lumpur,” said Lim.

I'm glad Lim clarified that Bandar Malaysia is included in this consolidation. Expect to see current/new share price (new company) to go above RM2.50.

BUY !!!

Highlights of the deal

* Share swap of one-for-one between IWC and the new-look IWH (NewCo). IWH will take over the listing status of IWC.

* Until the exercise is completed, IWC will be the benchmark for the valuation of the NewCo.

* The NewCo will own up to 7,400 acres of waterfront land in Johor Baru.

* Based on RM93 per sq ft, the land value is RM30bil.

* Bandar Malaysia will be injected into IWH at a later stage.

* After the deal, the major stakeholders will no longer own any land in Johor Baru outside the new-look IWH.

have shares keep, don't have shares buy!

I'm not a bn man. But by hook or by crook bn will win ge14. It's a given.

very confusing for me!

Is this news?!!!

fake news.

This is a free forum. I can be anywhere I want to be!

PSA has no money liao after just bought Opel from GM. Drb/Proton is in trouble.

FSP will not want to be just a passive investor, period!

All red. Run!

Proton must state clearly 51% will be sold to foreigners else share price will continue to drop.

Everyone knows the deal will go through. That''s not the issue here. The issue is who will be in control of Proton management and decision-making? If the same Proton is in control then Proton will still be in deep shit!

Don't be so hung up with Proton/Lotus technology. Lotus is a half century old tech and it is so passé. Nowadays people are talking about green technology and EV.

More BANTUAN KERAJAAN coming for Proton!

Abandon all hope!

Proton would have gone bankrupt decades ago without the government ponying up billions every year. In other word Proton is nothing! Proton management wants to be the ones controlling the decision-making process (and making all the bad decisions) yet they want foreigners to inject billions of dollars into Proton to keep it afloat. In management's delusional mind they thought Proton has been a great success story in the auto industry! Perhaps they also want no retrenchment of workers (only more hiring) as part of the deal.

Proton is so "bu geely" and that's why Geely wants out!

Don't hold. Just sell next week. This FSP mess plus US Federal Reserve is going to raise interest rate in mid-March.

I hope there is no JV deal so that Proton can continue to bleed.

I think FSP will only get 30% stake in Proton. I wonder what will happen to the share price if that were the case. A very scary thing!

Proton is such a failure in its decades of existence. Actually, I wish Proton would have lost much more money last qtr. In this way Proton can't extract much concessions from the FSP and that should make the deal goes alot smoother, quicker and in FSP's favour.

I don't think they will give up majority ownership. They simply can not think outside of the box!

never says never!

Why is fat Tony still doing DD on AAC? He should just pick the highest bidder and sell off the entire stake and distribute the entire proceeds to shareholders. That's his fiduciary duty!

Let's hope all the good news will be reflected in the share price tomorrow. good nite.

good result can't push up price but great result can.

Sure Public Bank will set a tp of RM2.50 come tomorrow - LOL!

Amazing, esp. the very rare forex gain! I tip my hat to TF. Well done indeed!

Good indeed!

Selling majority stake. Nice!

When the special dividend is announced all old and new investors will rush back to this counter.

That's right it's pay up time. I want my special divvy!

Airasia, IMHO, is the most scrutinized stock in Bursa malaysia! Don't know why?

Appropriate responses.

There is no corruption here, just good negotiation tactic.

This RR thing is still a developing story. Hope no collateral damage to AA.

Trump hates Muslims to the gut. Malaysia better watches out!

Sweet! It's the first time that Tony said EXPLICITLY most of the proceeds will be paid out in special dividend!

BusinessFinance is a big picture guy, unfortunately.

i think it's just profit-taking. airasia has risen quite alot this year. but it is no comfort if you bought at higher prices. the company's fundamentals are still intact.

people don't like low p/e stocks. they like stocks with high or -ve p/e.

evil begets evil! take care.

it is possible the deal is airasia can only buy airbus planes to increase airbus market share in the commercial airline industry. it's a win-win plan long term.

bravo!

big oil producers like usa, canada, europe (north sea), etc. are not participating in this opec+non-opec agreement and so i don't know how long this higher oil price can continue. and don't forget abt quota cheating by some if not all the members.

if the price tag is only $1 billion then might as well sell it to the original bidder who offered the same price and cut short the process!

may the future of aa as bright as the stars!