Shares of Evokest and Iskandar Waterfront City (IWC) rallied on Friday on news reports that the stalled Bandar Malaysia project could be revived very soon.
KUALA LUMPUR: Shares of Evokest and Iskandar Waterfront City (IWC) rallied on Friday on news reports that the stalled Bandar Malaysia project could be revived very soon.
At 12.07pm, Ekovest-WB was up five sen to 16.5 sen with 121.31 million units. Ekovest added six sen to 65 sen with 70.23 million shares done.
IWCity climbed nine sen to 95 sen with 94.74 million shares done
The companies are linked to Tan Sri Lim Khang Hoo.
Sin Chew Daily reported that a cabinet source said the Pakatan Harapan government is expected to make an announcement on this soon.
The source said the cabinet discussed the Bandar Malaysia project in the cabinet meeting on Wednesday and negotiations with China were at terminal stage, the newspaper reported on its website.
“The source said the main contractor would still be a Malaysian company.
When asked whether there would be any revision to the original cost, the source said the prime minister would reveal the details later,” according to Sin Chew Daily.
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