"The proposed merger is part of the IWH group’s proposed rationalisation and restructuring exercise that also involves a 1-into-2 IWCity share split and IWH buying the remaining 61.7% stake in IWCity at RM1.50 per IWCity share, to be satisfied by issuing IWH shares on the basis of one new IWH share for one existing IWCity share"
iwcity share is split into 2 and buying at rm1.5 per share
does this means the article is saying iwcity share at that time is rm3 ?
anything is possible ...merger , change name , privatization, .....etc . Botak likes to make u guess and later may suspend the shares tml and gives you suprises ...
If iwcity is worth rm3 ppl will definetely support the merger. Hehe
coolinvestor taken from the article above:
"The proposed merger is part of the IWH group’s proposed rationalisation and restructuring exercise that also involves a 1-into-2 IWCity share split and IWH buying the remaining 61.7% stake in IWCity at RM1.50 per IWCity share, to be satisfied by issuing IWH shares on the basis of one new IWH share for one existing IWCity share"
iwcity share is split into 2 and buying at rm1.5 per share
does this means the article is saying iwcity share at that time is rm3 ?
Real action took place ~2 Mar'17 Price opened at 1.29, peaked at 1.41 and closed at 18mil shares traded.
3/3/17 opened at 1.45 peaked at 1.77 and closed at 1.64. 63mil shares traded.
4 and 5 Mar Weekend 6-8 Mar IWC requested Suspension. This is after BM euphoria. If IWC is not related to BM, why would they suspend the share? I dont have answer for it.
9/3/17(Thur) opened at 1.58, peaked at 1.76 and closed at 1.81. 85mil shares traded . 10/3/17 opened at 1.82, peaked at 2.28 and closed at 2.28. 114mil shares traded.
13/3/17 (Mon) opened at 2.75, peaked at 2.93 and closed at 2.57. 128mil shares traded.
14/3/17 opened at 2.61, peaked at 2.90 and closed at 2.80. 135mil shares traded.
Hovered around 2.80 for 2 weeks before jump above 3.00
PETALING JAYA: Iskandar Waterfront Holdings Sdn Bhd (IWH), a company that will partly fund the billion-ringgit Bandar Malaysia project, is said to be revisiting its proposal for an initial public offering by next year.
The potential listing of IWH, a company controlled by is Tan Sri Lim Kang Hoo (pic), was still in early discussion stage as the Bandar Malaysia project involved two governments, according to a source.
While the timeline for the IPO has yet to be finalised, the source said the listing would involve the first proposal by IWH, which would include Bandar Malaysia.
Earlier, Bloomberg reported that the potential listing of IWH could fetch a valuation of about RM30bil.
Sources told Bloomberg the move was partly to help fund the US$33.5bil (RM140bil) Bandar Malaysia project.
Notably, the Bandar Malaysia project was started by 1MDB but it was shelved when the troubled state fund struggled to finance the development amid investigations.
IWH and China Railway Engineering Corp almost took over the project, but the deal was cancelled due to a dispute over payments in 2017.
In April this year, the government gave the developers another chance to revive the project.
Bloomberg said an IWH representative could not immediately comment on the matter. It said discussions were early and the company might decide not to proceed with the plan.
Notably, back in March 2017, IWH had proposed to take over the listing status of Iskandar Waterfront City Bhd (IWC) through a share swap between the two.
IWH is 63%-owned by Lim through his private company Credence Resources Sdn Bhd, while the remaining shares are held by Kumpulan Prasarana Rakyat Johor (KPRJ).
IWH holds a 38.34% stake in IWC that has 1,072 acres mainly located in Tebrau, Johor.
The proposal was later shelved after the Ministry of Finance Inc nixed the mandate that was given to a consortium comprising IWH and China Railway Engineering Corp (M) Sdn Bhd to develop Bandar Malaysia.
PETALING JAYA: Iskandar Waterfront Holdings Sdn Bhd (IWH), a company that will partly fund the billion-ringgit Bandar Malaysia project, is said to be revisiting its proposal for an initial public offering by next year.
The potential listing of IWH, a company controlled by is Tan Sri Lim Kang Hoo (pic), was still in early discussion stage as the Bandar Malaysia project involved two governments, according to a source.
While the timeline for the IPO has yet to be finalised, the source said the listing would involve the first proposal by IWH, which would include Bandar Malaysia.
Earlier, Bloomberg reported that the potential listing of IWH could fetch a valuation of about RM30bil.
Sources told Bloomberg the move was partly to help fund the US$33.5bil (RM140bil) Bandar Malaysia project.
Notably, the Bandar Malaysia project was started by 1MDB but it was shelved when the troubled state fund struggled to finance the development amid investigations.
IWH and China Railway Engineering Corp almost took over the project, but the deal was cancelled due to a dispute over payments in 2017.
In April this year, the government gave the developers another chance to revive the project.
Bloomberg said an IWH representative could not immediately comment on the matter. It said discussions were early and the company might decide not to proceed with the plan.
Notably, back in March 2017, IWH had proposed to take over the listing status of Iskandar Waterfront City Bhd (IWC) through a share swap between the two.
IWH is 63%-owned by Lim through his private company Credence Resources Sdn Bhd, while the remaining shares are held by Kumpulan Prasarana Rakyat Johor (KPRJ).
IWH holds a 38.34% stake in IWC that has 1,072 acres mainly located in Tebrau, Johor.
The proposal was later shelved after the Ministry of Finance Inc nixed the mandate that was given to a consortium comprising IWH and China Railway Engineering Corp (M) Sdn Bhd to develop Bandar Malaysia.
MEDIA PRESS already status the news , share price only heading , not reverse can trace , BM 3 trillion is not a small amount , all off shore start their dragon tiger fight , any lower will benefit others party , i see the moving up trend onward .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Lousy
646 posts
Posted by Lousy > 2019-12-03 16:33 | Report Abuse
This counter is the best suddenly Chong then stop then kill all the contra player then Chong again lol