The investment bank said in a report that with the completion of the land parcels, the property developer will have a landbank of 6,800 acres, the bulk of which will be waterfront land facing Singapore, as well as the 500-acre Bandar Malaysia stake in Kuala Lumpur
PETALING JAYA: Shares in Iskandar Waterfront City Bhd
(IWC) saw another round of rally on speculation that it could now be a beneficiary of the Bandar Malaysia project.
IWC’s shares soared 30 sen and were the most actively traded counter yesterday, following news that the Dalian Wanda Group was said to be facing restrictions in funding for its offshore deals by the Chinese government.
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