Construction work at the Bandar Malaysia project. Filepic dated Aug 15 2020. - The Star/YAP CHEE HONG
PETALING JAYA: Ekovest Bhd
is considering a proposal to buy a stake in the company involved in developing the multi-bilion-ringgit Bandar Malaysia project.
The board will deliberate and commence exclusive negotiations with Iskandar Waterfront Holdings Sdn Bhd (IWH) on the equity stake purchase proposal. The proposal is for Ekovest to take over and buy the 40% equity interest held by IWH in IWH CREC Sdn Bhd, a joint venture between IWH and China Railway Engineering Corp (M) Sdn Bhd (CRECM).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
