Tiong Nam's Ong raises stake IWCity to 5.9%


KUALA LUMPUR: Iskandar Waterfront City Bhd has proposed to place out 83.7 million new shares to five new investors, including to Tiong Nam Logistics Holdings Bhd managing director Ong Yoong Nyock.

The private placement exercise will raise RM40.2mil for the company, to be utilised for working capital.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Reading the market signals
Urban harmony: Can stakeholders row together?
Breathing new life into forgotten spaces
FROM BANGSAR TO BEYOND
Asia to lead next AI wave
Luxury real estate trends in 2026
China’s gold rush continues
SC Estate Builder’s hotel acquisition under scrutiny
Department stores bet on experiences
Jakarta set to rise

Others Also Read