Posted by Mohd Fahmi Bin Jaes > 2017-05-05 08:10 | Report Abuse

politic issue

Posted by paperplane2016 > 2017-05-05 08:14 | Report Abuse

welcome to Malaysia

Posted by John Wick > 2017-05-05 08:19 | Report Abuse

Possibly to avoid margin call on both front for certain shareholders. Margin call on one major fall counter like yesterday is bad enough. So need to have damage control in place

Posted by Hiu Chee Keong > 2017-05-05 08:20 | Report Abuse

if US market crash yesterdays, can all companies suspend their trading today so it won't fall ? Ridiculous. But anyway, i didn't have any shares in IWC.

Posted by Alibabah > 2017-05-05 08:20 | Report Abuse

Yes this is totally not fair for investor. Not even chance to escape. Malaysia apa pun boleh

Posted by resilient911 > 2017-05-05 08:25 | Report Abuse

it is fair if they announce suspension before market open.

very ridiculous if they announce half day after market open.

Posted by Hiu Chee Keong > 2017-05-05 08:33 | Report Abuse

resillien911, they suspended it b4 market open yesterday. but then, investors has been denied the chance to get out and free their cash for another counters. Also, i think reason for suspension is not strong enough, as the cancel of Bandar Malaysia deal is a fact not rumours, so they should let the market decide instead of suspension.

Posted by fl888 > 2017-05-05 08:36 | Report Abuse

Suspend so that their computerized trading will work in their favor by way of hedging,shortselll etc,,,,

Posted by Edwardong53 > 2017-05-05 08:47 | Report Abuse

Malaysia Boleh !!! Money is King !!! All foreign fund will lari lah

Posted by jayalbert > 2017-05-05 08:49 | Report Abuse

hiu chee keong, u r spot on.. setting a precedent.. for 2 days somemore.. i really dislike this practice in our malaysia bolehland.. in USA, no such practice is allowed. they closed for a couple of days during Sept 11 strike, that's all.. not like IWCITY's case one..

Posted by Op3rs > 2017-05-05 09:01 | Report Abuse

to prevent margin calls for VIPs

Posted by stncws > 2017-05-05 09:30 | Report Abuse

avoid someone jump from building, sc is good..hmmmmmmm!

Posted by Equityengineer > 2017-05-05 10:19 | Report Abuse

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 ..

Posted by yktay1 > 2017-05-05 11:36 | Report Abuse

The drop will be much worse due to the suspension

Posted by gohkimhock > 2017-05-05 11:57 | Report Abuse

There is no transparency. They just need to protect somebody.

Posted by jayalbert > 2017-05-05 12:00 | Report Abuse

yes transparency issue n selective decision making.. n that my fren is what's troubling our beloved country. we cud have been like south korea n singapore, progressing economically n financially; but we r not.. bcz of leakages n many other issues. our country cud be better managed..

Posted by i7trader > 2017-05-05 12:11 | Report Abuse

Yes, since they called the suspension. somehow if they do not have good reason on this weekend, the drop is much more serious. Risky move.

Posted by jaynetan > 2017-05-05 12:30 | Report Abuse

equityengineer opinion proffessional

Posted by bjgdila123 > 2017-05-05 12:37 | Report Abuse

monday sure jatuh bedebub ramai retailers .....sangkut

Posted by Hiu Chee Keong > 2017-05-05 13:01 | Report Abuse

News said china has seen representatives to disciss with government about the cancelation.

Posted by SharehlderOppression > 2017-05-05 15:21 | Report Abuse

If SC were really doing their jobs
They would take a look into Anzo
Even an idiot can tell there is blatant manipulation going on

Posted by noah > 2017-05-05 15:50 | Report Abuse

The 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.

Posted by noah > 2017-05-05 15:52 | Report Abuse

FUNNY thing is they are suspending the trading due to some old news, which is unrelated at all with current news.
Coz they have totally NO GROUND to suspend the trading at all, and furthermore for 2 FREAKING DAYS.

Come on, what type of announcement you make need 2 days time?

Even Icon and UMWOG breakup oso in 1 day time.

Posted by MG9231 > 2017-05-05 15:55 | Report Abuse

History in the past shows that the more he manipulator try to suspense the listing, seller will dump at what ever price available when listing resume.

Posted by noah > 2017-05-05 15:55 | Report Abuse

Malaysia is a land where everyone oso tutup mata if you got the connection.

For eg when a substantial shareholders buy or sell shares and delay in reporting it to the company, and you complain to SC, they will tell you its Bursa Malaysia's job since the old law regarding changes in substantial shareholding had been abolished.

So basically when you are a majority shareholder and you buy or sell shares without declaring, it is no longer violating the law, it is just violating Bursa Malaysia's listing regulation, where there is NO JURISDICTION power at all.

Posted by Hua Joshuaayoung > 2017-05-05 18:54 | Report Abuse

dun worry la... this weekend IWH CREC will announce they have paid 60% upfront..to MoF ....so no worry ok... Malaysia boleh!

Posted by pakatan_harapan2 > 2017-05-05 19:22 | Report Abuse

Is somebody mean Lim Kang Hoo? Vote Pakatan to proof BN unfair.

Posted by gohkimhock > May 5, 2017 11:57 AM | Report Abuse
There is no transparency. They just need to protect somebody.

Posted by 没怎么读到书的市集人 > 2017-05-05 23:05 | Report Abuse

It means author knows nothing about Bursa listing requirement

Posted by pussycats > 2017-05-06 01:11 | Report Abuse

very sad in bolehland anything can happens.

Posted by Apollo Ang > 2017-05-06 01:17 | Report Abuse

suspend to check who own IWCity stocks,then they release news....hahaha, remember cds got spy....hahaha

Posted by Apollo Ang > 2017-05-06 01:21 | Report Abuse

IWH consortium rebutted claims it had failed to pay,so where the money gone to????....IWCity didn't issue statement to extend suspension pending investigation ar? hahaha

Posted by stockmanmy > 2017-05-06 01:22 | Report Abuse

donation

Posted by Ryan88 > 2017-05-06 01:31 | Report Abuse

Just to protect iwcity main shareholders. To reduce their damages

Posted by VenFx > 2017-05-06 01:38 | Report Abuse

No different to a kid who wish to has a sugar daddy to spoon feed her.
Best avoid this kind of counter.

Posted by musketeer88 > 2017-05-06 16:24 | Report Abuse

Nah! Every PLC pending material announcement can opt for suspension.

Posted by speakup > 2017-05-06 17:58 | Report Abuse

TRIPLE limit down next week?

Posted by 8u29song > 2017-05-06 18:23 | Report Abuse

the $$ is used to goreng....goreng itu iwh sampai 450 !!!

itu siapa kasi cucuk ???