Prime asset: A model of Ekovest’s KL River City project. IWC’s major attraction is the 6,773 acres of waterfront land in Johor Baru, while Ekovest has a pocket of prime land in KL that it received in return for the River of Life project.
PETALING JAYA: Tan Sri Lim Kang Hoo’s plan to rationalise the property assets of the companies under his control is expected to turn Ekovest Bhd
into a pure construction and infrastructure outfit, while enlarging Iskandar Waterfront City Bhd’s (IWC) land bank for immediate development.
Sources said IWC and Ekovest are expected to unveil the proposed corporate exercise today, following a meeting between the boards of both companies yesterday on the matter.
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