Posted by Winner128 > 2019-12-17 15:37 | Report Abuse

why ask for suspend???

Posted by xiaoqing88 > 2019-12-17 15:38 | Report Abuse

https://www.facebook.com/SinChewDaily/videos/426957134847288/

FACEBOOK LIVE

Posted by khpwwl > 2019-12-17 15:40 | Report Abuse

LKH is busy doing presentation, not time to goreng, tea break

Posted by Winner128 > 2019-12-17 15:41 | Report Abuse

Wow....good.
Boss will give IWCITY project...

Posted by hohoho123 > 2019-12-17 15:42 | Report Abuse

botak really busy

Posted by Winner128 > 2019-12-17 15:44 | Report Abuse

surelah.....today he is key people...
IWCITY win.....

Posted by Winner128 > 2019-12-17 15:44 | Report Abuse

Seem like very big project

Posted by khpwwl > 2019-12-17 15:45 | Report Abuse

iwcity win...share price going up baru win

Posted by khpwwl > 2019-12-17 15:53 | Report Abuse

now start already

Posted by monreyes > 2019-12-17 15:58 | Report Abuse

anyone attending..pls share

Posted by kevinobc > 2019-12-17 15:59 | Report Abuse

https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia

Posted by kevinobc > 2019-12-17 16:00 | Report Abuse

https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia

Posted by Larrytrader > 2019-12-17 16:01 | Report Abuse

Go watch Facebook Sinchew live

Posted by kevinobc > 2019-12-17 16:03 | Report Abuse

OFFICIALLY SIGNED BANDAR MALAYSIA , BREAKING NEWS

Posted by kevinobc > 2019-12-17 16:03 | Report Abuse

https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia

Posted by kevinobc > 2019-12-17 16:04 | Report Abuse

flying soon !

Posted by B4b4 > 2019-12-17 16:04 | Report Abuse

Real Bo....

Posted by khpwwl > 2019-12-17 16:05 | Report Abuse

maybe not...there is not suspended, mean, LKH may be not goreng today

Posted by Winner128 > 2019-12-17 16:05 | Report Abuse

this moment are signing agreement

Posted by kevinobc > 2019-12-17 16:11 | Report Abuse

https://www.facebook.com/watch/live/?v=426957134847288

Posted by wantousek > 2019-12-17 16:15 | Report Abuse

haha all kena con by botak hahahhahaa

Posted by HrryPttr > 2019-12-17 16:20 | Report Abuse

Hahaha

Posted by Cjseven > 2019-12-17 16:21 | Report Abuse

Pls Don’t said so stupid comment, always said kena n kena, are kena a lot? Do u know 140b project need how much cash flow to proceed?

Posted by RICH MAN > 2019-12-17 16:21 | Report Abuse

PUTRAJAYA (Dec 17): TRX City Sdn Bhd has signed the Reinstatement of Bandar Malaysia Framework Agreement with IWH-CREC Sdn Bhd to develop Bandar Malaysia on the 486-acre plot located at the site of the Royal Malaysian Air Force base on Jalan Sungai Besi.

TRX City is wholly owned by the Minister of Finance Inc, while IWH-CREC is a consortium comprising Iskandar Waterfront Holdings Sdn BHd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

In a joint statement today, the parties announced that IWH-CREC is acquiring a 60% stake in Bandar Malaysia Sdn Bhd, the project's master developer, from its parent company TRX City.

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The consideration for the stake sale is RM7.41 billion, according to past reports, which the parties said today "was anchored on Bandar Malaysia's land valued at RM12.35 billion". The project's expected gross development value is about RM140 billion.

In the revived deal, the staggered payment term has been shortened from the original seven years to three years.

In addition to the original deposit sum of RM741 million, IWH-CREC will pay an additional RM500 million as advance payment, bringing the total advance to RM1.24 billion.

Finance Minister Lim Guan Eng said the revival of Bandar Malaysia is an integral part of fostering long-term bilateral relations between Malaysia and China.

"Under the new deal, Bandar Malaysia will be more rakyat-centric, as opposed to previously under 1MDB, when the deal was driven by 1MDB Rationalisation Plan aimed at paying off 1MDB's debt.

"We managed to double the number of affordable homes to 10,000 units. We will also create the 85-acre People's Park, which will be a combination of a single contiguous built park and several satellite parks," he said.

Lim also said the project would see greater Bumiputera participation and give priority to the use of Malaysian produced construction materials, technology and talent.

The statement today confirms a report by theedgemarkets.com last Saturday (Dec 14), which reported that apart from the addition of more affordable homes and a massive park, IWH-CREC will pay RM1.24 billion as advance payment. The report also said IWC-CREC will obtain a bank guarantee of the availability of sufficient funds for the settlement of the purchase consideration.

On completion of the stake sale, IWH-CREC will own a 60% stake in the Bandar Malaysia project while the Ministry of Finance will hold the remaining 40%.

With IWH-CREC being a 60:40 joint venture between IWH and China's state-owned enterprise CREC, CREC will have an effective stake of 24% in the project.

Businessman Tan Sri Lim Kang Hoo controls a 63% stake in IWH, while Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.

Posted by Lousy > 2019-12-17 16:21 | Report Abuse

Price dropping now pls take note and becareful

Posted by Winner128 > 2019-12-17 16:22 | Report Abuse

Bandar malaysia have condition that is must build up house than IWCITY maybe have get the project.

Posted by kevinobc > 2019-12-17 16:22 | Report Abuse

https://www.facebook.com/SinChewDaily/videos/426957134847288/?v=426957134847288

Posted by Winner128 > 2019-12-17 16:25 | Report Abuse

IS Build 10,000 affordable houses, do you think this project will give to outside company or own company IWCITY?

Posted by kevinobc > 2019-12-17 16:26 | Report Abuse

buy buy buy.... flying soon

Posted by hohoho123 > 2019-12-17 16:29 | Report Abuse

50/50 iwh-crec and mof

Posted by Cjseven > 2019-12-17 16:29 | Report Abuse

Today all management guy attend this ceremony, sure no one control to goreng, just wait the monkey show

Posted by stncws > 2019-12-17 16:33 | Report Abuse

botak not free goreng...tmr can goreng

Posted by rbzhg88 > 2019-12-17 16:33 | Report Abuse

buy more...:)

Posted by Cjseven > 2019-12-17 16:33 | Report Abuse

Don’t wish can earn fast money just hold for 1 year, botak not stupid, he will slowly make the price up b to rm3

Posted by Winner128 > 2019-12-17 16:34 | Report Abuse

i just believe myself.
if i'm big shareholder on IWH wouldnt announce project will given to who or involve on this bandar malaysia because will affect share price.
I'm just think if i'm him will diam-diam to pass to own company.
that time share price up is no related with him.
Just market aware on this only.

Posted by Cjseven > 2019-12-17 16:35 | Report Abuse

Don’t wish can earn fast money just hold for 1 year, botak not stupid, he will slowly make the price up b to rm3

Posted by Winner128 > 2019-12-17 16:36 | Report Abuse

agree with Cjseven

Posted by hohoho123 > 2019-12-17 16:38 | Report Abuse

don play play ,botak really power,bandar malaysia not a small project.so many eyeing this project ,he still can bag it

Posted by Winner128 > 2019-12-17 16:45 | Report Abuse

see on tomorrow

Posted by kevinobc > 2019-12-17 16:57 | Report Abuse

PUTRAJAYA (Dec 17): TRX City Sdn Bhd has signed the Reinstatement of Bandar Malaysia Framework Agreement with IWH-CREC Sdn Bhd to develop Bandar Malaysia on the 486-acre plot located at the site of the Royal Malaysian Air Force base on Jalan Sungai Besi.

TRX City is wholly owned by the Minister of Finance Inc, while IWH-CREC is a consortium comprising Iskandar Waterfront Holdings Sdn BHd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

In a joint statement today, the parties announced that IWH-CREC is acquiring a 60% stake in Bandar Malaysia Sdn Bhd, the project's master developer, from its parent company TRX City.

The consideration for the stake sale is RM7.41 billion, according to past reports, which the parties said today "was anchored on Bandar Malaysia's land valued at RM12.35 billion". The project's expected gross development value is about RM140 billion.

In the revived deal, the staggered payment term has been shortened from the original seven years to three years.

In addition to the original deposit sum of RM741 million, IWH-CREC will pay an additional RM500 million as advance payment, bringing the total advance to RM1.24 billion.

Finance Minister Lim Guan Eng said the revival of Bandar Malaysia is an integral part of fostering long-term bilateral relations between Malaysia and China.

"Under the new deal, Bandar Malaysia will be more rakyat-centric, as opposed to previously under 1MDB, when the deal was driven by 1MDB Rationalisation Plan aimed at paying off 1MDB's debt.

"We managed to double the number of affordable homes to 10,000 units. We will also create the 85-acre People's Park, which will be a combination of a single contiguous built park and several satellite parks," he said.

Lim also said the project would see greater Bumiputera participation and give priority to the use of Malaysian produced construction materials, technology and talent.

The statement today confirms a report by theedgemarkets.com last Saturday (Dec 14), which reported that apart from the addition of more affordable homes and a massive park, IWH-CREC will pay RM1.24 billion as advance payment. The report also said IWC-CREC will obtain a bank guarantee of the availability of sufficient funds for the settlement of the purchase consideration.

On completion of the stake sale, IWH-CREC will own a 60% stake in the Bandar Malaysia project while the Ministry of Finance will hold the remaining 40%.

With IWH-CREC being a 60:40 joint venture between IWH and China's state-owned enterprise CREC, CREC will have an effective stake of 24% in the project.

Businessman Tan Sri Lim Kang Hoo controls a 63% stake in IWH, while Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.



https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia

Posted by rbzhg88 > 2019-12-17 16:59 | Report Abuse

tomorrow buy more...standby hold until next year..

Posted by Cjseven > 2019-12-17 17:02 | Report Abuse

If I am botak I also make it slowly up, this is long term invest, n to avoid contra player earn n run

Posted by shortinvestor77 > 2019-12-17 17:11 | Report Abuse

Good new. Officially signed.

Posted by amircesc4 > 2019-12-17 17:12 | Report Abuse

My average buy RM1 i keep on holding until RM1.1, now i trap balik.

Posted by ramada > 2019-12-17 17:12 | Report Abuse

Signed already. That is why the stock price drops.

Posted by aiaili > 2019-12-17 17:42 | Report Abuse

i apologize to everyone here.., this closing is not i want it to be.., but it was happened.. i really really to say sorry to u all..
if u wanna scold/screw.. i am ready, just do it..
by the way, i am also kena because i show hand.. but i will continue to see this Christmas how..?
but at least we know it had good and bad for this bm signing ceremony..
no1. good - botak had got this bm project.. won't be limit down..
no2. bad - even got this bm project.. but still no limit up, down few cents some more..
honestly.. this closing is not my expectation..
aiaili cry of loud..

Posted by B4b4 > 2019-12-17 18:00 | Report Abuse

Relax and enjoy aiaili. No worries. The signing ceremony went on without a hitch. The deal is a very good one for the future growth of ekovest and iwcity

Posted by aiaili > 2019-12-17 18:10 | Report Abuse

tq b4..

Posted by khpwwl > 2019-12-17 18:14 | Report Abuse

Aiaili..... We wouldn't scold u, as an investor, we buy on our own risk... Okay

Posted by khpwwl > 2019-12-17 18:16 | Report Abuse

My husband enter 1.06...kena I scold kua kua... Told him that we have old stock don't chase, not lisyen