Bursa: Trading of Iskandar Waterfront City shares suspended

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The trading of the Iskandar Waterfront City Bhd shares has been voluntarily suspended, as listed on Bursa Malaysia.

“Kindly be advised that at the request of IW City, trading in the company's shares has been suspended with effect from 9am, Thursday, May 4, 2017, pending an announcement,” Bursa Malaysia stated.

This is believed to be related to the Finance Ministry's announcement on calling off the Bandar Malaysia deal with a China company.

The Star Online reported that IW City's related company, Ekovest, saw its share price falling to a low of RM1.01 after the "disappointing news"...

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