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.
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