PETALING JAYA: Two counters linked to Tan Sri Lim Kang Hoo shot up in active afternoon trade yesterday, ahead of a Bandar Malaysia cheque presentation ceremony tonight.
The cheque presentation tonight is on the deposit payment of RM1.24bil and an RM500mil advancement to TRX City Sdn Bhd.Iskandar Waterfront Holdings executive vice-chairman Tan Sri Lim Kang Hoo with Johor Mentri Besar Datuk Hasni Mohammad looking at the development project during the memorandum of understanding between Danga Heights Development and MCC Singapore at a hotel here in Johor Baru on Sept 7.
IWH-CREC has so far paid RM148.2mil or around 2% of the RM6.45bil net due for its 60% stake in Bandar Malaysia.Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz told Parliament in a written reply in July that the balance of the sale proceeds will be received in stages up to 2023.