IWC and IWH to extend restructuring deadline to Sept 4

The investment bank said in a report that with the completion of the land parcels, the property developer will have a landbank of 6,800 acres, the bulk of which will be waterfront land facing Singapore, as well as the 500-acre Bandar Malaysia stake in Kuala Lumpur

PETALING JAYA: Iskandar Waterfront City Bhd (IWC) and Iskandar Waterfront Holdings Sdn Bhd (IWH) have agreed to extend the date to provide the details of which land will be injected into the soon-to-be listed IWH (Newco) to Sept 4.

A company official told StarBiz that the extension by 60 days was done because there were many details to look into and these entailed much administrative work.