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Ekovest-MRCB eyeing transforming KL rivers to those like in London and Paris
EKOVEST Bhd is expected to be the prime beneficiary of the RM2.2bil River of Life (RoL) project, given that the company has a 60% stake in the joint-venture company with Malaysian Resources Corp Bhd (MRCB) which was recently appointed the project delivery partner (PDP) by the Government.
Split views between holding out for higher price and selling Tebrau Teguh shares to IWH
TEBRAU Teguh Bhd’s minority shareholders are likely to hold out for a higher offer price for the Johor Baru-based property developer and construction group, said some research analysts.
PLS shareholder selling 76.5mil shares
KUALA LUMPUR: PLS Plantations Bhd’s major shareholder Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ) has agreed to sell 76.5 million shares at RM1.21 each to Iskandar Waterfront Holdings Sdn Bhd (IWH).
Tebrau Teguh receives offer from IWH
PETALING JAYA: Tebrau Teguh Bhd has received an offer from Iskandar Waterfront Holdings Sdn Bhd (IWH) for the latter to acquire all the remaining shares not already owned by it in Tebrau Teguh for 76 sen per share.
TSR redesignates Kang Yew to deputy chairman
PETALING JAYA: TSR Capital Bhd has redesignated Tan Sri Lim Kang Yew to deputy chairman. He was previously a non-executive director in the company.
Lim’s companies may draw interest
A HANDFUL of Tan Sri Lim Kang Hoo’s listed companies are likely to see some trading interest, since his brainchild Iskandar Waterfront Holdings (IWH) makes up part of the consortium that won the Bandar Malaysia bid from 1Malaysia Development Bhd (1MDB).
Ekovest to develop RM3.7bil SPE highway
KUALA LUMPUR: Ekovest Bhd will build the Setiawangsa-Pantai Expressway (SPE) at a cost of RM3.738bil with a concession period with the Government for 53½ years
Quek eyes stake in IWH
PETALING JAYA: The master developer of Johor Baru’s waterfront properties – Iskandar Waterfront Holdings Sdn Bhd (IWH) – could see the emergence of tycoon Tan Sri Quek Leng Chan (caricature) as a shareholder.
Unpolished gems in Ekovest
SINCE early April, shares of Ekovest Bhd have risen by more than 60%. What is even more surprising is that at its current price of RM1.72, the stock is trading at a lofty 66 times earnings. So, what gives?
PLS to venture into durian business
KUALA LUMPUR: PLS Plantations Bhd plans to acquire a 70% stake in Dulai Fruits Enterprise Sdn Bhd for RM21mil.
