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UOB Kay Hian sees near-term impact on Ekovest share price


PETALING JAYA: UOB Kay Hian Research foresee negative near-term impact on Ekovest Bhd share price following its proposal to takeover of Iskandar Waterfront City Bhd (IWC).

“Ekovest’s proposal to acquire a 62% stake in IWC comes as a negative surprise. The proposal could see Ekovest forking out up to RM764mil cash for the stake (at RM1.50 per share). 

Analyst Reports , Ekovest

   

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