My guess*

It is just my guest.

Insider trade.

Eg has to be reported to MACC

23rd Nov 2017. A very good result.

It is going to shatter and break all barriers to move above 25 cents. E-Wallet is a good business and the world is following the trend including Bitcoin.

Actually I am not stuck in palette, but in keyasic and Cuscapi

If the bastard is man of his word, surely by now it would have crossed 42 cents at least.

Ask Eg

Eg s**king Wong’s c**k. Bapoks

F**king EG, where the hell are now?

Eg is talk big but cannot do anything.All sama sama pakat to extract money from investors.

This PONDAN should be blocked by Bursa for further trading. News about Palette came about 40 days ago.
Now only he feel fed up meh.
Day light robbery. Should be banned and subject to quiries.

TS W O N G is a real PONDAN.

Oh, is it. Good

My intention is not to con forummers. It so happened that TS Wong said something strong that Pallette and Mui dropped. That’s all.

Fall a bit already so much noise. only 1 sen drop. Cuscapi also followed the suit but recover. It is normal in the market that all stocks which went up, due to one stock down, the other will follow.
Just wait and see how Keyasic will recover.

Local Malaysian citizen.

TP 35sen

Ya ya Ada orang terkenal masuk seperti Pallette petang ini.

Oil counters going up, Dnex going down lol

Dnex charging like a bull without horns ha ha
Boss tengah makan nasi lemak. Real clowns.

I know you guys have been waiting here patiently. I too.
Just do not sell, this coming weeks are very crucial.

Q result is confirmed positive. Will update further as time comes. Expected in exactly 2 weeks time.

No need of BM anymore. Forget it, let them keep for themselves.

Yes, don’t simply bullshit here. Don’t con people here. There are a lot of innocent and ignorant small time investors here. Let them read some useful comments here to make their decision to buy or not.
Don’t be like Bigbrother as in IWC forum lah.

Buy now! Buy now! You don’t want to miss RM 5.00
in 2020!

Loosing Bandar Malaysia is whose con work????? Is it Lim’s fault???

Obviously a gap up morning for Ekovest and IWC

No chance to buy 98 or 99c. Straight opening at 1.04
Monday.

Very good article on IWC in the Star paper.

There, taken 27 cent

Buyers support very strong.

Why? Going to break 28.5 cents today.

Sell, oil dropping like mad.

What a sad story. Go and buy counters which will be sleeping like the dragon in the Hobbit.

Poor jokers, wishing for a limit down, they are purging on their pants.

Riki, .... can never. Can sleep there till the cows come home.

Why is Lim appeasing minorities of IW City?
01 Nov 2017 3:21 PM
BY M SHANMUGAM

PETALING JAYA: The obvious beneficiary from Tan Sri Lim Kang Hoo’s latest corporate exercise involving Ekovest Bhd’s takeover of Iskandar Waterfront City Bhd (IW City) are the minorities of the latter.
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Ekovest meanwhile bears the brunt, as it would be potentially holding 62% of the asset heavy IW City if the deal goes through. And Ekovest could potentially see a drain of up to RM725mil in its cash if minorities of IW City opt for the cash option in the proposed takeover.

The stock market has punished Ekovest, which is down more than 18% after it resumed trading.

Ironically, Lim and parties related to him is the biggest shareholder of Ekovest holding more than 50%.

On paper, Lim has lost RM200mil from merely announcing Ekovest’s proposed takeover of IW City because of the drop in market capitalisation.

What is surprising is Lim agreeing a proposal that sees his wealth reduce. And this is the second corporate exercise involving IW City, which only in May this year hit a high of RM3.22 per share.

Why is Lim appeasing to the IW City’s minorities and giving them an exit just three months after he lost the Bandar Malaysia deal? The dust has not even settled yet following the group’s failure in the Bandar Malaysia deal.

In May, IW City was seen as the main beneficiary following a proposal that its parent company, Iskandar Waterfront Holdings Sdn Bhd (IWH), would take over the listing status.

In December 2016, IWH was awarded the job to develop Bandar Malaysia with China Railway Engineering Company (CREC). However in August this year, the Ministry of Finance withdrew the award on grounds that the IWH-CREC joint venture had failed to meet its scheduled payment obligations.

Since then, IW City has gone on a tailspin, leaving its shareholders in a daze.

The latest offer is a way out for IW City minorities, crest fallen and wanting an exit. They have an option of getting cash RM1.50 per share or Ekovest shares, priced at RM1.50.

IWH is IW City’s biggest shareholder with 38% and they are not accepting Ekovest’s offer. However the rest of the shareholders would likely take it up because it is a way out for them after the Bandar Malaysia episode.

Going by the price of Ekovest which is now trading at 97 sen, the IW City minorities should opt for the cash option.

As for Ekovest, it the deal goes through, the construction and infrastructure company would be left holding as much as 62% of IW City, whose biggest appeal is 1,052 acres of waterfront land in Johor Baru.

IW City is a master developer and makes its money from selling land that it reclaims from the sea. The business model involves capital upfront and the company recoups over time through sales of land for development.

However the cash comes from lumpy payments, unlike the conventional property developers that see steady cash-flow from sales of house.

The upside for Ekovest is the future listing of IWH, which is a long term investment.

Bigbrother, you do not have a sportsmanship spirit.
You left this forum, does not mean other investors should die huh.
Please read carefully the announcements and comment.
Btw, since you do not have business here, why are so selfish huh?
Do you mean you are going to reap millions in other stocks?
You made 3.5 cents in Dataprep and do not know what is going to happen for you in Sterpro?
Sleep long there and please do not spread false info here.
Many have read your comments and bought here and pls think of their condition.
Fake news are not welcomed here.

The proposal will involve the company undertaking a conditional voluntary takeover offer to acquire the remaining shares - 62.2% - of IWCity for RM1.50 each in cash or for new ordinary Ekovest shares to be issued on the basis of a new Ekovest share for every IWCity share.

Subject to the approval of IWH board and shareholders, Lim said he would propose to IWH not to accept Ekovest’s offer to acquire its shares in IWCity.

“All relevant parties will use their best endeavours and efforts to negotiate in good faith documentation and arrangements in relation to the proposed acquisition on or before Nov 30, 2017, or such other extended date as may be mutually agreed between the parties in writing,” Ekovest said.

The company said its board of directors would deliberate on the proposal and decide on the next course of action. Accordingly, it will make a further announcement in due course.

Ekovest said Astramina Advisory Sdn Bhd had been appointed to act as the financial advisor for the proposed acquisition.

No detail was given on what reorganisation would take place after the completion of the takeover exercise.

Meanwhile, IWCity said in a statement to Bursa Malaysia that it and IWH had agreed to mutually abort their proposed merger scheme that would have led to IWH assuming IWCity’s listing status.

IWCity shares closed at RM1.40 on Friday last week. Trading in the shares was suspended on Monday and Tuesday this week.

Lim Kang Hoo proposes Ekovest-IWCity merger, IWH-IWCity merger off
31 Oct 2017 6:47 PM
BY M. HAFIDZ MAHPAR
KUALA LUMPUR: The proposed merger between Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity) is off and is now expected to be replaced with a corporate exercise that involves Ekovest taking over the latter.

IWH executive vice-chairman Tan Sri Lim Kang Hoo, who is also executive chairman and major shareholder of Ekovest, has proposed that Ekovest undertake a voluntary takeover offer for all shares in IWCity, excluding shares held by IWH that represent a 37.8% stake.

In a filing with Bursa Malaysia, Ekovest said it had received Lim’s proposal letter last Friday in relation to a “reorganisation exercise.”

Opening 1.82 tomolo

Yes AgreedTokti. But I expect the sharks may come into play using this opportunity. It has happen before. However, if merger is on, then I hope the price will be above 1.50. Hoping for the best in all the past curses.

Big brother is busy in Dataprep forum.

Ekovest, IWC to announce corporate exercises
30 Oct 2017 9:16 AM

KUALA LUMPUR: Trading in the securities of Ekovest Bhd and related company Iskandar Waterfront City Bhd has been suspended on Monday.

Both companies requested for the trading suspension for their corporate announcements.

Ekovest was last traded at RM1.16 and IWC at RM1.40.

Sparta, for your eyes only. Ha ha ha

SUSPENSION OF SECURITIES

ISKANDAR WATERFRONT CITY BERHAD

Type Announcement
Subject SUSPENSION OF SECURITIES
Description ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "COMPANY")
- SUSPENSION OF TRADING
The Company wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request for suspension of trading of the Company's shares with effect from 9:00 a.m., Monday, 30 October 2017 to 5:00 p.m., Tuesday, 31 October 2017.

The request for suspension is made under subparagraph 3.1(a)(iii) of Practice Note No. 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities pending the release of a material announcement..

This announcement is dated 30 October 2017.

Go to Bursa Malaysia web. Key in iwcity.

Suspended till Tuesday. Resumes only on Wednesday.