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KUALA LUMPUR: Iskandar Waterfront City Bhd 
(IWCity) says the parent company Iskandar Waterfront Holdings Sdn Bhd (IWH) has made no further bid for the development of Bandar Malaysia.
Speculation that IWH could get a second chance to develop Bandar Malaysia had sent shares in IWCity in full swing over the past two days.
The stock was traded for the last time at 81 Sen Friday, up 42% from Wednesday. This is the highest level of the title at the beginning of April this year.
IWCity, in an answer today to the stock market about its unusual market activities, said that he was unaware of the recent surge in the course of his action. The company, in response to reports, also said it was informed by the IWH that has not submitted any new offers for the Bandar Malaysia project.
It was reported Wednesday that this had been so far, no market interest in The Bandar Malaysia Project is located on a 486-acre site in Sungei Besi. The government, had in June last year, called for a call for tenders to develop the site.
It is after TRX City Sdn Bhd, in May, announced that the agreement of sale of shares concluded between the government by TRX City and IWH-China The Railway Consortium Engineering Corp fell into disuse because buyers did not meet their payment obligations.
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