The Ekovest-IWCity merger is progressing, with the latest updates showing that Ekovest is taking significant steps to restructure and streamline assets under Tan Sri Lim Kang Hoo's control. Recent moves include Ekovest's proposed acquisition of a 70% stake in Credence Resources, which owns a majority in Iskandar Waterfront Holdings (IWH). Through IWH’s substantial holding in IWCity, this acquisition would strategically position Ekovest in key property development areas in Johor, benefiting from its land bank of over 4,000 acres.

Additionally, Ekovest is integrating construction businesses with Knusford to centralize operations, reduce related-party transactions, and leverage both companies' resources. The merged entity is anticipated to enhance value through these synergies and could potentially benefit from regional infrastructure projects like the Johor Bahru-Singapore Rapid Transit System Link, which may increase land value and development opportunities in the area.

Overall, this restructuring could provide Ekovest with a more cohesive business structure, potentially improving its long-term competitiveness. However, as with any restructuring of this scale, investors should closely watch how well Ekovest integrates these entities and achieves the anticipated efficiencies and asset appreciation.

投资，别投机。

stncws, 是。要有耐性。可能莫一天，一天内直接飞0.10++直接到0.5? Assets solid, cum goreng (Botak+Johor)

turbo, it is for this bb to go south, very turbo. ha!

认同Albukhary帅哥

好棒，Albukhary。趁低吸纳。慢慢来。投资股票，不急，它永远都在除非他delist掉。他们也不舍得delist，毕竟很好的资金周转。王也不想要除牌的。

@Albukhary 就是。只有LKC赚大钱, 他卖很多0.6x，真happy就是他。小股民买个希望，就等(久等)botak一拖再拖，也顺便拖了1589的regularazation plan (8.03A)，多么可耻的动作(Botak)。太自私了咯。

趁低买入。

Wow. 932k volume only

Weakening with tiny volume across the board and its peers

Good vol. 920k only.

Nice.

Merger proposal announcement by Botak today?

Reference is made to the Company’s announcements dated 27 September 2023, 27 October 2023 and 26 April 2024 in relation to the Proposal Letter (“Announcements”). Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the Announcements.


The Company wishes to announce that the Company has sought the mutual agreement of TSDLKH for a further extension of 6 months commencing from 28 October 2024 to 27 April 2025 to grant more time to the Company to assess, evaluate and deliberate the Proposal in detail and to commence discussions and negotiations on the terms of the binding heads of agreement or its equivalent between the parties.


The Company will make the requisite announcement(s) on any material development in relation to the Proposal in due course.


This announcement is dated 25 October 2024.

Turbo chart is right.
Do not touch until regularization plan is settled and resolved. Para8.03A is dangerous although big guys may know whether this issue will become bad or not, they know only, retail investors are having risks if being lure their pushUp price activities. Well, if there is any up trend, hit and run may be good if can make $ out of it. But, there r many other good stocks out there having good assets, and or good potential business profits. Be careful guys.

very thin vol. accumulation phase may be...

Nice bb below 0.6

pandai bang。。。

就是咯。买了就别骂。如果不喜欢她，可以卖掉，不理会买入的价格。轻松自在如意。不必每天折磨自己，何苦呢。对吧凯凯？如果你已经买了，就等吧，一年两年也没关系，它很难跌回去0.25了(😁)。

Don't touch this bb until its regularization plan settled ba.

@hng33, wise decision, its uncertainties r still bad. Go for other better one first. Not too late to come back if her regularization plan is approved or issue has been settled via merger plans.
Budget2025, mkt digesting first before next move.

wow, failed to extend till Mar2025. gone case?

帅哥凯，你分析了？如果你分析了，有信心才下手。不然，别碰。碰了，就要有耐性，输赢自己扛(承担责任)。不需要一直骂leh，无济于事，于事无补吧。对不？

凯，随时都会有惊喜。

No preBudget rally. So nothing to buy on rumours and sell on news.

Budget 2025 is in the Parliament now. Nothing exciting on budget day and prebudget days (stable despite Dow break new record high for a few days in a row). Let's wait for coming weeks until windows dressing month. ❤️❤️💪💪👍👍

Strong buyers emerge again 0.12 after they sell down from 0.125. wow. The rich Become richer.

They r actually earning 5% x 2...

R U READY?
Slowly but surely.
Below 0.38 is multiple years low price range. Don't & NEVER expect this bb to drop to below 0.20. 😍😍❤️❤️

Well. This bb still have time until March2025. From now till the next extended due date for submitting regularization plan. Botak and our KPRJ and gangs may not be calm, so anytime, there r chances for big guys to lure and eat telan the weak holders and contra players. This bb is not worry-free but it contains goreng mode bcos of the big guys. Even if delisted, the assets r still w the company, but it only benefits the big holders only

R U Ready? 😍😍😍

Usually budget...
Buy on rumours
Sell on facts
Before budget, mkt stable despite DOW n Nasdaq break record high. Post budget, how to rally? There is no reason for upside yet except Johor development catalysts?

$$$$ came

Shines kor, so daring? It is uncertain. Let it a missed ba. Relax and rest well. Go for worry-free one such as our Rabbit kor's BB ya, it will go well.

invest in stocks, no need to rush or kanciong.
steady

@mf, have you bought?
buy on rumours, sell on news?

NRahmat, ho seh liao. U r d MAN!

Well. If 8.03A continue to be a bad factor in this bb, give it a pass ba. Go for other good assets companies and invest, no hassle, worry free. Once if you invest in any worry-free companies, can sleep & rest well, regardless share price stagnant, up, down, not much worries over long term.

Hihihi. My2c.

Wow. 0.625 strong. Lead by 5148. Wow. Turbo?

Wow, big dumping 0.12

Shines kor, impossible so far. Wait till Mar2025 then apply extend again, endless extension? Watch out. I have not been interested in her anymore since it had extended its 8.03A for several time and the last missed big was it went up from 0.3x to break 0.5 then fly to 0.8, I had sold all before 0.5 till now. Let it goes ba. Never risk it if it is still unclear with it. Unless fighters, yes, may gain big if Botak and KPRJ (this co is political-linked) have successfully applied and approved for uplift its 8.03A (or the new merger proposal has gotten great supports and approved and ON, then, 1589 maybe safe from 8.03A, if that happen, 1589 mkt float will be less than 85%, still have to fulfil this condition if wanna to continue its listing status... KPRJ has been selling recently (mths ago, why?).... Better be safe than sorry.

I agree with turbochart. Only fighters or insiders can hoot with Botak for 1589 nia.

HSR is not an easy project and not profitable in short mid term. Too heavily invested but ROI is very slow.

Shines kor, ya, we miss him v much.

By the way, there is an old dog continue barking non stop since last year. He has loss most of his bullet. Hehe. Only the dog knows.

Cheers.

Nta is still Nta, not yet realized. One thing for good is assets are strong. With high NTA vs current share price, its share price may not jump up to match the Nta or NAV or RNAV (revised to newer value), although it may happen as syndicates and botak gang have the buffer to play up and down, who is smarter who will win more, or else win less or even incur losses. Invest with care, take reasonable risk into consideration. The listed co is always here for public to invest, unless it has broken some jialat listing rules and causing it to be LD or delisted or even into PN17. Hihihi. While bullish, still have to stay calm.

If nothing bad is going to happen, below 0.40 is good bargain hunting. Botak had a few placements (at least one of the recent one was priced at 0.43+-? So 0.37 is far below the placement price). At a 0.3x is actually 2yrs ago rock bottom price before it surged up to 0.6x last year? This price is quite safe. The only worry is its 1589, the regularization plan, but with her solid assets, again, back to NTA, NAV, 1589 is good, but if delisted, it isn't good for small fly investors, it only benefits the big guys nia.

My2c.

No power yet leh the market

Kevin, how does it affect HSR? Since China wants to link to Sg, so, the Msia side, deal with China to build the HSR in the MY country?

a steady bb. this is a good bb in mid long term.

Shines kor, oh, idk abt Pertama. LD is jialat. It is bad sentiment.... Better don't touch any co which is with 8.03A until it is cleared. All related co also, try to avoid if can.

in near term, this bb is still free from the 1589+8.03A risk yet, Pertama is jialat, another LD today just becoz of 8.03A. the latest extension will due on 23 Mar 2025, another 5mths+ to go. Hihihi, no ending extension, what a game! Boring!

1589 - https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3488249

Reference is made to the Company’s announcements dated 25 March 2022, 3 June 2022, 10 June 2022, 22 March 2023, 19 April 2023, 20 September 2023, 27 September 2023, 18 October 2023, 27 October 2023, 21 March 2024, 22 August 2024 and the subsequent monthly announcements dated 8 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 3 April 2023, 2 May 2023, 1 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 2 May 2024, 4 June 2024, 1 July 2024, 1 August 2024 and 2 September 2024. Pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company is considered as an affected listed issuer.



On 22 August 2024, Maybank Investment Bank Berhad had, on behalf of the Company submitted an application to Bursa Securities for the following:-



I. a waiver from having to submit and implement a regularisation plan as required under Paragraph 8.03A(3) of the Listing Requirements; and

II. an upliftment of IWCity from being classified as an affected listed issuer pursuant to paragraph 8.03(A) 2(b) of the Listing Requirements,



(collectively, the “Proposed Waiver and Upliftment”)



Pending the decision from Bursa Securities on the above, the Company had also vide the same application, applied to Bursa Securities for a further extension of time of six (6) months from 24 September 2024 to 23 March 2025 for the Company to submit a regularisation plan to the relevant regulatory authorities in the event that Bursa Securities does not approve the Proposed Waiver and Upliftment. The Company shall make the necessary announcement(s) with regard to any material development thereof accordingly.



This announcement is dated 1 October 2024.

oh dear Shines kor, really? when he did that? no news leh

good for mid long term. global factors may affect her short term performance. have a rest have a kitkat. willing to be in the mkt, willing to bear the risk.

turbo, hebat! Yes, para8.03A is not a joke.

Shines kor, ya, i guess so too. I love his karangan, very interesting and useful.
I am still monitoring 8877's movements. Slowly, but no rush.

Oh, Shines kor, I did check, Permata is LD, without buyer at all. It is a rest day ya indeed. Para 8.03A is not a joke.

Shines kor, i miss Rabbit kor o