As­set in­jec­tion

New Straits Times - - Business / News -

TAN Sri Lim Kang Hoo, di­rec­tor and ex­ec­u­tive vice-chair­man of Iskan­dar Wa­ter­front Hold­ings Sdn Bhd (IWH), will in­ject 183ha of pri­vately-owned land val­ued at RM2.6 bil­lion.

IWH of­fers to buy 769ha and 502ha of prime land from Kumpu­lan Prasarana Rakyat Jo­hor Sdn Bhd and state-re­lated en­ti­ties, re­spec­tively, for RM1.5 bil­lion.

Over­all, the pro­posed as­set in­jec­tion will re­sult in IWH own­ing land­bank of more than 2,990ha in Jo­hor Baru, with an es­ti­mated open mar­ket value of RM30 bil­lion.

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