Posted by Chris Kho > 2019-06-12 17:27 | Report Abuse

Steven, its either CREC want to pay or dont want to pay...compare to those mega projects in China, Bandar Malaysia is too small and CREC only holding 40% of the IWH-CREC. And since revival of Bandar Malaysia has been openly blessed by leaders of China and Malaysia, there will be no issue on additional additional deposit of RM500mio

Moreover, RM741mio has been paid earlier. RM500mio is obviouly a small amount for IWH-CREC. The delay of announcement on payment most likely not due to available of the fund, instead, the mechanism of how to cooperate and profit sharing structure!

Many worries by trader / speculator / gambler, in substance is not about the payment! But (1) fluctuating price due to previous few u turns (2) whether IWCity will benefit from the BM as previous announcement denied so!