IWCity decides not to appeal to Bursa's rejection of relief application

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) has decided not to appeal to Bursa Malaysia Securities Bhd’s rejection of the company’s relief application but instead will focus on improving its business operations within the 12-month regularisation period.

It said this was upon due consideration of the existing facts and the just improving property market conditions which would have timing gaps in recognising the revenue by IWCity and its subsidiaries.