EKOVEST - BIG CLUE?

There seems to be whispers in the corridor that Bandar Malaysia would be injected into a new listed company. The Joint Venture is between IWC CREC and the government at 60:40 ratio.

How could the government partake in the JV if the project is injected into Ekovest or IWC? Surely in order for it to be equitable it must be a new company where they are rank parri passu equal.

Hence, the press release on April 22?

Remain whispers in the corridor until the truth is revealed.

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