IWC minorities clear winners in Lim’s latest corporate move

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: In the world of high finance, there is no such thing as a win-win situation. It’s only a matter of who stands to gain less.

In the proposed takeover by Ekovest Bhd of Iskandar Waterfront City Bhd (IWC), the obvious beneficiaries are the minorities of the latter. Both companies have a common shareholder in Tan Sri Lim Kang Hoo, the entrepreneur who started as a contractor and built an empire in property development.