Why such a big disposal? Some ceasing to be substantial shareholders?

Piling machine broke down. Hydraulic pipe burst.

Ya lah, like no power.

Ekovest is the leader now. Eko moves, Econbhd moves. No need to worry about T3 and T4

I think it cannot be that bad from China.

Wait for weekend news from China.

Buy buy buy if you want.

Boss just now said already. No IWC or Ekovest.

But no Iwcity and Ekovest. Boss said already.

Not all IWh and Chinese company. May be they will be Project delivery partners, the rest will be shared by construction listed companies like IJM, Gamuda etc etc

Botak is famous in conning ikan bilis money. Do you remember 2017 conning story of IWC? Botak is expert in cheating mah.

Does Bursa allow for double limit down on one trading day?

Got chance for a double limit down? Do Bursa allow for a double limit down in one trading day??

Some more, Director sold share. Frightening. Don’t how messy will it be tmrow.

Aiyo, yang ini semua ceritalah dan gimmick nak bagi Bursa excited.

Newspapers say not involved unless you print your view in another brand new newspaper upside down publication.

Nst and Star confirmed the news that IWC and Ekovest are not involved in the project. Then who? Very interesting.

Clearly stated that IWC and Ekovest not involved.

Projects will be awarded to IJM, Gamuda, WCT, Fajar Baru and Ahmad Zaki through IWH.
They don’t want to monopolies to one company. Every listed company to share the pie.

That is the agreement now.

‘ That IWCITY IS NOT INVOLVED in the REINSTATEMENT of the Bandar Malaysia project.

Save for the press release issued by the Prime Minister's Office (PMO) on April 19 entitled "Government to Restate Bandar Malaysia Project", in which the name of our sister company, IWH-CREC Sdn Bhd was mentioned, the company wishes to clarify that IWCity is not involved in the reinstatement of the Bandar Malaysia project," IWCity said.

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, two listed firms controlled by Tan Sri Lim Kang Hoo, have issued separate statements to Bursa Malaysia to clarify that they are not involved in the revived Bandar Malaysia project.

That is not human of Tan Sri.

How come on earth Iwcity can say that they are unaware of the circumstances to a share price surge when IWH is a sister company? Can you see how cunning the con man has devised an announcement today to shock us all?
Just have to say that that the share price surge is because of IWh which is a sister company involved in the reinstatement lah. Very clear of their intention to pick shares back at a lower price tmrow.

The word ‘ Caution’ is enough to kill us tmrow. What a mess they have made.

Yes may be one or two are intelligent to perceive the matter, but the general public investors will think otherwise. Bloody hell, giving a blunt a very blunt info like this is cheating. Iwc was limit up in the morning right and likewise Ekovest. Why can’t they inform the news in the afternoon to be cautious to trade?
This Botak will never change lah.

Announcement like this that Ekovest not involved, Iwc not involved but sister company which is not listed is involved. This news will make people psycho tmrow and panicky. Hopeful they don’t sell down. Keep for another 6 months to 1 year. Safe.

Yes, all this will happen in the future. Correct. Tmrow how?

The earlier merger was cancelled. Now it will take another 1 year to get the merger done. Till then must wait.

Tmrow Ekovest/ Iwcity bloodbath, so be careful and be cautious. Econbhd is strong, no doubt. But sentiment in the construction sector may have an effect in Econbhd. Ultimately and long term investors will have no problems. Short term, yes scratch head tmrow.

https://www.theedgemarkets.com/article/ekovest-says-its-not-involved-bandar-malaysia-reinstatement?type=corporate

https://www.theedgemarkets.com/article/ekovest-says-its-not-involved-bandar-malaysia-reinstatement?type=corporate

Construction counters coming down? Profit taking?

However, have to be patient

Anyhow, thank you for your info. I thought of buying but your infos have helped me not to buy.

This counter, following the construction announcement hype, has got good potentials to go up. I have been noticing this counter.

Sharks have almost sold from 48.5 cents to 44 cents. The other retailers. The sharks have been collecting again. Give some time for collection and then boom to 60 cents. This company can never be below 60 cents.

https://www.themalaysianinsight.com/s/149139

THE government will call for bids on the Bandar Malaysia development, said Economic Affairs Minister Azmin Ali.

“The cabinet has agreed that the project should be done via the open tender process. We have been told that the previous government had terminated the original agreement because some quarters had wanted ‘illegal compensation,” the Economic Affairs Minister told reporters at an event in Felda Palong in Negri Sembilan today.

Malaysiainsight news

As far as seen, Azmin is closer to Tun M.

Now Azmin says Bandar Malaysia is an open tender. Better chances for Econbhd to tender directly. However even with IWH, chances are good.

Azmin says BM is open tender now.

Sometimes I feel main wayang lah.

IWH may still stand a chance to win, but we have to go through suffering this few months. Hold it or sell it, your choice. Almost 2 years ago I suffered. Suddenly project cancel, suddenly got already and then previous PM and Irwin went to meet Wan Juan then Malton WCT shot high. I went thro 2 limit downs in IWC. Horrible experience but recovered my losses in WCT- WE.

If truth is sour or salty can bear. But truth is bitter.

That one is open tender way.

Once bitten twice shy. You know, Azmin earlier have called of ECRL and got into terrible pressure from all quarter. I am they have discussed this matter before Azmin could issue this bit of news.

Yes, agreed. Govt has to through this process first then they may consider IWH finally if cost is less.

Correction: RM 500 million on top of RM 741 million.
It is IWH’s offer. Govt need not accept it. Very openly and to be safe, open tender is the best choice to be clean.
It is very obvious, as I know their ways well. For example, take Prestariang case. Stubborn, cancelled the Skin project and in addition hesitating on the compensation. Why? They know some hanky Panay contract has been signed earlier.