higher 1.27

any good news?

your advice.....

paperplane, what trap?

1.110

Upon completion of the consolidation exercise, UMW-OG will embark on a recapitalisation exercise via a rights issue of approximately RM1.8bil. To this end, Ekuinas has indicated its support for the recapitalisation plan, up to RM550mil, comprising its entitlement and application of excess rights shares,” it said.

UMW-OG will undertake a mandatory take-over offer for all the remaining Icon shares at a consideration of 50 sen a share to be satisfied either via cash or issuance of new UMW-OG shares at 80 a share.

“UMW-OG intends to secure full acceptance to reap the benefits of consolidation and does not intend to maintain the listing status of Icon,” it said.

Read more at http://www.thestar.com.my/business/business-news/2017/01/19/umw-oil-and-gas-ekuinas-to-group-oil-and-gas-business/#dfws2D6PM2ZlJvPJ.99

Hantu besar lo

On behalf of the Board of Directors of IWCity, AmInvestment Bank Berhad wishes to announce that the parties to the Land Disposal had agreed for a further extension of Cut-Off Date C, D, E, F and G to 2 March 2017.

This announcement is dated 17 January 2017.

hahaha ghost town convert to dragon town

his article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.


IN two weeks, China Railway Engineering Corp (CREC) and its partner Iskandar Waterfront Holdings Sdn Bhd (IWH) may be popping a bottle of champagne to mark the first anniversary of their acquisition of a 60% controlling stake in Bandar Malaysia, a legacy of controversial 1Malaysia Development Bhd (1MDB).

It is the largest investment CREC has made in Malaysia since it entered the country in 2001.

Talk that CREC’s massive investment is linked to China’s political support of Malaysia has not dissipated.

However, CREC general manager Cai Zemin downplays the political agenda of the group’s massive investment in Bandar Malaysia, explaining that the company sees growth prospects for the country and it has great potential to emerge as the strongest economy in Asean.

In December last year, 1MDB sold a 60% stake in Bandar Malaysia Sdn Bhd to IWH-CREC Sdn Bhd for RM7.41 billion. IWH-CREC is a 60:40 joint-venture company between IWH, the Johor-based property entity owned by business tycoon Tan Sri Lim Kang Hoo, and CREC, one of the world’s largest engineering and construction firms. CREC is listed on the Shanghai and Hong Kong stock exchanges.

how long to wait RM1......

more confident to invest iwcity

any news from iwcity ?

KUALA LUMPUR (Oct 11): Iskandar Waterfront Holdings (IWH) Sdn Bhd is mulling reviving an initial public offering as early as next year as it ramps up projects including one linked to state fund 1Malaysia Development Bhd (1MDB), Bloomberg reported today.

The developer could pursue a dual listing in Malaysia and Hong Kong or Singapore as it seeks to monetise some of its assets valued at more than RM30 billion, Lim Kang Hoo (pictured), executive vice-chairman of Iskandar Waterfront, told Bloomberg on Oct 7 in his Kuala Lumpur office.

He declined to specify how much the sale would raise and does not rule out the possibility of bringing in a strategic partner as part of the offering, Bloomberg added.

On June 16, an agreement made IWH CREC Sdn Bhd a 60% shareholder in the Bandar Malaysia development as well as its master developer.

1MDB’s sale of the 60% stake in Bandar Malaysia is among Malaysia's largest property deals.

In an interview with The Edge, Lim says the incentives for this project should be viewed in the context of the big picture concerning investments in the region.

“There is so much competition around us … our neighbouring countries and the region at large are offering all kinds of incentives to attract investors,” he says, adding that the “reward” for the nation will be job creation.

KUALA LUMPUR (Sept 29): Based on corporate announcements and news flow today, companies that may be in the news on Tuesday (Oct 4) could include the following: Genting Malaysia Bhd, Titijaya Land Bhd, Iskandar Waterfront City Bhd,MISC Bhd, Berjaya Corp Bhd, Salutica Bhd, SapuraKencana Petroleum Bhd and Astino Bhd.Iskandar Waterfront City Bhd (IWCity) is buying two parcels of freehold land in Pulai, Johor, for RM90 million, for which it plans to develop a mixed project.

The total size of the tracts, both unconverted commercial development lands, are 3.89 hectares (9.55 acres), according to its bourse filing today.

The first tract, measuring 1.72ha, is being acquired for RM39 million via its wholly-owned unit, Success Straits Sdn Bhd (SSSB), which signed a conditional share sale agreement (SPA) with Malgold Construction Sdn Bhd for the acquisition today.

The price will be satisfied via a cash payment of RM11.7 million, with the remainder 70% or RM27.3 million to be settled by an issuance of 30.33 million shares at an issue price of 90 sen per share.

For the second 2.17ha tract, SSSB inked a conditional SPA with Eight Danga Sdn Bhd to acquire it for RM51 million, which will also be satisfied via a share issuance of 56.67 million new shares.
IWCity said the two pieces of land are located along Jalan Sungai Danga, Johor, and about 10 kilometres north-west of Johor Bahru city, respectively.

waiting end of august

no hope this counter

paperplane- your opinion i consider good.

Iskandar Waterfront City Bhd. breached its 50 day moving average in a Bullish Manner : 1589-MY : April 2, 2016
POSTED BY CAPITALCUBE ON APRIL 2, 2016 IN YAHOO FINANCE | 6 VIEWS | LEAVE A RESPONSE
Click here to see latest analysis

Latest news,

This article first appeared in The Edge Financial Daily, on February 5, 2016.



KUALA LUMPUR: Tan Sri Lim Kang Hoo-controlled Iskandar Waterfront Holdings Bhd (IWH) is again ruminating to take its shares public after shelving the plan indefinitely, according to The Wall Street Journal (WSJ), citing sources familiar with the matter.

While the timeline for the initial public offering (IPO) has yet to be finalised, the sources said IWH is toying with the idea of a dual listing in Malaysia and Hong Kong. The Edge Financial Daily, in a Jan 18 report on potential IPOs this year, quoted banking sources that said the property developer was possibly looking for a listing this year.

The WSJ report said IWH’s IPO is looking to raise US$300 million (RM1.24 billion), the same figure bandied about for years in the media. If successful, the funds from the IPO would be used to partly finance development of a waterfront area that faces Singapore and includes apartments, malls and a marina, the report added.

Lim’s secretary said IWH declined to comment on the IPO plans, according to WSJ.

Based in Johor, IWH is a 40:60 public-private partnership between state government unit Kumpulan Prasarana Rakyat Johor Sdn Bhd and Lim’s Credence Resources Sdn Bhd. Khazanah Nasional Bhd, said IWH, is also the group’s strategic partner by way of an indirect minority stake in IWH’s subsidiary Iskandar Waterfront Sdn Bhd.

IWH had initially targeted for a listing by the end of 2013 or the following year, during the height of the boom period in Iskandar Malaysia’s developments.

However, the plan was put on hold because of slowdown in the Malaysia’s property market and the implementation of the government’s cooling measures to contain property prices that were spiralling up, with the real property gains tax and doubling of foreign buyers’ minimum purchase prices, said WSJ.

turun 3c....9.49 am

shafi awong...........hantam naik kasi atas 90c......angpow ma.....

may be open up 90c

sebelum cny pasti naik.....angpow ma......

waiting drop below 0.80......

sudah lama tungu.......

apa sudah jadi ? makin teruk la.....ada harapan ke naik lagi

i agreed we waiting next month

may be up to 1.40...

what about propose rights issue with warrants? when.....this year or 2016

i need your opinion......until where price to jump 1.80

3rd april, share will be up to 1.50 !

ong ada mali.....

huh..huh,,,huh...macam mana ni? makin teruk la...bole caye ke?

initial inject tak da ma................tunggu 20th march.......

green 13 will be come true..............

bole beli la!!! special for CGM -chop go meh

i confidence, iwcity up after 13 march...............greenland ada inject ma................

DIRECTORS’ STATEMENT
After having taken into consideration all aspects of the Proposed Joint Venture, the Board is
of the opinion that the Proposed Joint Venture is in the best interests of the Company and
upon execution of the SPA, expected to have a positive impact on the Company.
8. ESTIMATED TIME FRAME FOR COMPLETION OF THE PROPOSED JOINT VENTURE
In accordance with the Shareholders Agreement, the Proposed Joint Venture will be effected
within fourteen (14) days from the date of the Shareholders Agreement and shall subsist in

Tunggu 2 minggu lagi.........2 Billion akan masuk....

On behalf of the Board of Directors of IWCity (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”), wishes to announce that Southern Crest Development Sdn Bhd (“SCD”), a wholly-owned subsidiary of IWCity had on even date, entered into a shareholders agreement with Greenland Malaysia Real Estate Operator Sdn Bhd (“GL”) to regulate their relationship as shareholders of Greenland Tebrau Sdn Bhd (“GTSB”) (“Shareholders Agreement”), a special purpose vehicle to be incorporated to acquire property and undertake the development and construction of a mixed development comprising of commercial and residential components (“Mixed Development Project”).


Please refer to the attached announcement for further details

Thsi announcement is dated 21 January 2015

Iskandar Waterfront Holdings (IWH) is still planning for an IPO (initial public offering) in 2015, according to a IWH representative.

“Yes, the plan is to go for listing in 2015, but only if market conditions favour an IPO. It is still on the cards but can’t say when because of market uncertainty,” said the IWH representative to KiniBiz.

The property developer’s public listing is expected to raise US$300 million (RM1 billion) and was initially slated for end 2013 or early 2014.

IWH was responding to a KiniBiz query on a story in the Edge Financial Daily this week, quoting unnamed sources saying that the IWH “has decided to put the plan on the back burner indefinitely” due to unfavourable market conditions.

“The story in The Edge is from Reuters which is dated Nov 13, 2013. It’s an old story. Don’t know how it got released again. IWH has nothing to add,” said IWH’s representative to KiniBiz.

IWH is a government-linked company (GLC) that is the master developer of 3,000 acres of prime waterfront land bank in Flagship “A” of the Iskandar region in Johor Bahru (JB). The designated area covers Danga Bay, JB city centre and the Tebrau coast, stretching 25km along the Straits of Johor.

The development is worth a projected RM60 billion in gross development value (GDV) over 25 years. IWH also has joint venture (JV) projects including one with Chinese developers Country Garden. Outside of Malaysia, it has a JV for a waterfront residential development with the Walker Group in Australia.

any good news from iwc ?

hu hu hu..................long time to wait up

1.34 at 11.30 am............time to buy but what happen ?

hello.........any comment...........

ini hari manyak teruk la......1.44

good la......thanks mr dark your info.....

bila mau nak 2.00 ?

down againt 1.50..................