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KUALA LUMPUR (July 19): The shares of Iskandar Waterfront City Bhd (IWCity) jumped up to 28.5 sen or 50% to 85.5 sen, perhaps anticipating that the Principal shareholder of IWCity Iskandar Waterfront Holdings Sdn Bhd (IWH)
The Bandar Malaysia project is taking place on an old 194ha (486 acre) lot on the former site of the I & B. Sungai Besi Airport, here
. Today, reports quote Damansara MP Tony Pua. He added that no company had responded to the Malay government's bid for the development of Bandar Malaysia. "When we interviewed the heads of (financial) ministries, the developers who came forward were void" Malay Mail was quoting Pua in Parliament today.
Last year, Bandar Malaysia was in the spotlight after TRX City Sdn Bhd alleged on May 3, 2017 its planned sale of a 60% stake in Bandar Malaysia to IWH CREC Sdn Bhd was "Null and void with immediate effect."
IWH and China Railway Engineering Corp. (M) Sdn Bhd jointly own IWH CREC.The Malaysian Government, via the Ministry of Finance, is the owner of TRX, a former unit of 1Malaysia Development Bhd (1MDB) .The Government also holds 100% of 1MDB
At Bursa Malaysia today, IWCity shares reduced their earnings to 77.5 sen at 4:15 pm with some 110 million shares traded. IWCity has emerged among the most actively traded shares of Bursa Malaysia and the main winners.
Meanwhile, IWCity shares could also take example on the statement of Prime Minister Tun Dr. Mahathir Mohamad as Malaysia postponed Take the Kuala Lumpur-Singapore high-speed train. ) instead of canceling the project unilaterally.
The actions of IWCity could have been inspired by the fact that the Kuala Lumpur-Singapore HSR project will include Bandar Malaysia as one of its stations. According to MyHSR Corp.'s Sdn Bhd website, the Kuala Lumpur-Singapore HSR project will include seven stations in Malaysia – Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, before reaching its final destination in Jurong East, Singapore.
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