IWC minorities clear winners in Lim’s latest corporate move
Lim’s crown jewel is the huge tracts of waterfront land in Johor Baru, which has gained traction due to its proximity to Singapore. He has proposed that Ekovest makes an offer for 62% of IWC.
PETALING JAYA: In the world of high finance, there is no such thing as a win-win situation. It’s only a matter of who stands to gain less.
In the proposed takeover by Ekovest Bhd of Iskandar Waterfront City Bhd
(IWC), the obvious beneficiaries are the minorities of the latter. Both companies have a common shareholder in Tan Sri Lim Kang Hoo, the entrepreneur who started as a contractor and built an empire in property development.
Lim’s crown jewel is the huge tracts of waterfront land in Johor Baru, which has gained traction due to its proximity to Singapore. He has proposed that Ekovest makes an offer for 62% of IWC.
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