Naturally, this laid tongues wagging that its all for naught. Really... is this our laid about rodeo??? Many big projects are awarded to somebody companies or articulation ventures because it is easier to kind out details without revealing also much to the market. Subsequently, they normally volition live on injected into linked listed companies merely based on the nature of projection in addition to majuscule requirements.
You cannot await marketplace position investors to ignore such word because both companies are tightly controlled past times LKH. Influenza A virus subtype H5N1 stock marketplace position is a forwards discounting machinery. Judging from the longevity of the projection in addition to the massive majuscule requirements, in addition to the fact that he has already listed companies inwards the right sector - it would accept an idiot to surmise that he won't inject into these ii companies.
Surely Ekovest would live on the Pb histrion followed past times IWCity. Remember when LKH got the same projection earlier beingness unceremoniously taken away past times you-know-who ... it was supposed to live on injected into IWCity but the insufficient profits in that location made fundraising a problem. Hence this fourth dimension around, it is probable that Ekovest would live on the Pb company.
IWH inwards the jv owns 60% of the projection in addition to would bespeak to pay its part of the RM500m = RM300m. Ekovest has a warrant expiring June 2019 which should select inwards RM150m. Thus making the fundraising relatively easy. To create something else (e.g. perish on the jv private; role about other listed vehicle, etc..) would live on multiple times to a greater extent than onerous.
Nonetheless, it is probable that about selling pressure level may hap tomorrow but I await the whole matter to rebound swiftly. (p/s I hereby declare I guide maintain null holdings inwards both companies or its warrants). Buyers volition guide maintain to grit their teeth in addition to distich for the volatility.
Reading comments from i3 would Pb me to conclude that in that location are also many newbies inwards the markets, or less than sophisticated investors. There is no bespeak to trammel in addition to live on startled on the news. It shouldn't live on your laid about rodeo.
p/s this is merely my watch in addition to non a recommendation to sell or buy
KUALA LUMPUR: Iskandar Waterfront City Bhd
, ii listed firms controlled past times Tan Sri Lim Kang Hoo, guide maintain issued split statements to Bursa Malaysia to clarify that they are non involved inwards the revived Bandar Malaysia project.
The statements came later on shares inwards the ii companies jumped to their maximum allowable daily trammel on Monday.
Both companies, inwards similar statements, told the telephone commutation today that they were non aware of the argue behind the recent surge inwards their part prices. They suggest investors to practice caution inwards the trading of their shares.
"Save for the press loose issued past times the Prime Minister's Office (PMO) on Apr nineteen entitled "Government to Restate Bandar Malaysia Project", inwards which the holler of our sis company, IWH-CREC Sdn Bhd was mentioned, the fellowship wishes to clarify that IWCity is non involved inwards the reinstatement of the Bandar Malaysia project," IWCity said.
Investors on Mon chased upward counters linked to Lim on high hopes that his companies would create goodness from the revived Bandar Malaysia project.
Read to a greater extent than at https://www.thestar.com.my/business/business-news/2019/04/22/iwcity-ekovest-say-not-involved-in-reinstated-bandar-malaysia-projec/#5pVD8rbMsmd7Phka.99
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