The changing face of Ekovest - highway owner to property player

Proposed takeover of IWC will transform the construction and highway firm into a major property player.

PETALING JAYA: Tan Sri Lim Kang Hoo (pic) has proposed a restructuring exercise for his listed companies by recommending that his construction and highway outfit Ekovest Bhd launch a takeover of his property company Iskandar Waterfront City Bhd (IWC) at RM1.50 per share of the latter.

It has also been announced that Lim’s earlier plan of injecting his unlisted master developer company, Iskandar Waterfront Holdings Sdn Bhd (IWH), into IWC is being called off.