PETALING JAYA: Iskandar Waterfront City Bhd
’s (IWC) share price jumped 18 sen, or 10.78% to RM1.85 mid-afternoon trading.
The stock was among the top gainers with more than 39.7 million shares traded. The shares touched a high of RM1.93 during intra-day trading.
The shares have been under pressure after TRX City Sdn Bhd announced that the share sale agreement entered between the Government through TRX City, Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) had lapsed.
Despite the pressure, IWC was up a staggering 129.81% on a year-to-date basis.
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