Posted by moneySIFU > 2016-10-07 23:26 | Report Abuse

Will Ekovest benefit from Bandar Malaysia in long term? Since IWH-CREC is the master developer of Bandar Malaysia.

Like Gearge Kent in MRT2, GKent is the Project delivery partner & awarded itself RM1bil MRT2 job.

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1. Ekovest's Tan Sri Lim Kang Hoo owns Credence Resources
2. Credence Resources is the 60% shareholders in IWH.
3. IWH owns 60% in IWH-Crec.
4. Bandar Malaysia is 40%-owned by MoF, with IWH-CREC holding the remaining 60%.

With an estimated gross development value of RM200bil, Bandar Malaysia is located on the former Sungai Besi air force base. Its development will be carried out over three to four phases and expected take 20 to 25 years to complete.

News from The Edge Weekly:
Bandar Malaysia, TRX incentives - a boon or a bane? (The Edge Weekly)
http://klse.i3investor.com/blogs/moneymoney/105972.jsp

Posted by WealthWizard > 2016-10-07 23:31 | Report Abuse

Thank you for your sharing, moneySIFU. It will be long term good position for EKOVEST

Posted by Mgician > 2016-10-10 14:27 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/22/quek-eyes-stake-in-iwh/
just to refresh...hehe