Ekovest going to shareholders for takeover of Iskandar Waterfront City

Ekovest Bhd has agreed with major shareholder Tan Sri Lim Kang Hoo (pic) to launch a takeover of another company he controls, Iskandar Waterfront City Bhd (IWC).

PETALING JAYA: After a month of deliberation, the board of directors of Ekovest Bhd has agreed with major shareholder Tan Sri Lim Kang Hoo (pic) to launch a takeover of another company he controls, Iskandar Waterfront City Bhd (IWC).

But in order to complete the buyout, Ekovest would need to secure the approval of its own minority shareholders at an EGM to be held at a later date.