Kang Hoo has his say

Lim: IWC will be turning around. There are also cashflows coming in from IWC’s existing property business and the payment from the land we sold to the Greenland Group.

WHILE there may be holders of Ekovest Bhd stock who believe their company is being used to rescue Iskandar Waterfront City Bhd (IWC), the major owner of both entities, Tan Sri Lim Kang Hoo (pic), begs to differ.

For one, master developer IWC is turning profitable in its upcoming third quarter to September, he says.