Upon completion of the stake sale, IWH-CREC will hold a 60% stake in the Bandar Malaysia project, which has an estimated gross development value of RM140 billion, while MoF will own the remaining 40%.
Bandar Malaysia was developed by Iskandar Water front Holdings (IWH), and insider disclosed that Iskandar Water Holdings is considering going public as soon as next year.
It is reported that the company is negotiating with at least one consultancy company for a valuation of RM30 billion. If it can reach a valuation of RM30 billion, IWH will become one of the top 20 stocks in KLCI !!!
“The news on the signing ceremony next week and initial public offering (IPO) plans are creating a buzz which has spilled over to construction stocks,” Rakuten Trade Sdn Bhd research VP Vincent Lau told TMR.
“The counters are likely to gain momentum when more newsflow or contracts are announced in the future,” he added.
Bloomberg reported earlier this month that IWH — which owns 37.76% of IWCity — has revived its ambition to go public as early as next year.
Citing a source, the newswire said IWH has begun talks with two banks for a targeted 2020 listing.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
amircesc4
335 posts
Posted by amircesc4 > 2019-12-16 12:49 | Report Abuse
i baru untung 7 sen. average buy rm1. i can hodl.