Posted by ks55 > 2018-03-17 10:41 | Report Abuse

Who is this hollander?
Without Iwcity, it may be a 'buy', surely not a 'good buy' relative to other property counters.

When Lim Botak inject Iwcity into Ekovest, with cash alternative @ 1.50, nobody is going for share swap. So Ekovest has to borrow to accept all offered shares.

What make thing worse is Ekovest now has to resume all liabilities of Iwcity.
With Danga Bay fast becoming a ghost town, to be joined hand in hand with R&F, further aggravated by Forest City, no way Greenland going to continue with the project.
This will increase holding cost for land held for development.

Hollander should suggest developers with cheap land cost, building affordable landed properties or industrial properties, rather than trying to bring newbies to holland........