IWC queried over un­usual price ac­tiv­ity

New Straits Times - - Business -

KUALA LUMPUR: Iskan­dar Wa­ter­front City Bhd (IWC) has been queried by Bursa Malaysia over its un­usual price move­ments re­cently. IWC shares rose from a high of RM2.45 to a low of RM1.70 yes­ter­day, pre­sum­ably on news about its ma­jor share­holder Iskan­dar Wa­ter­front Hold­ings Sdn Bhd’s in­volve­ment in Ban­dar Malaysia project. IWC shares dropped seven per cent to RM1.98 and was the most ac­tive stock with 272 mil­lion shares traded yes­ter­day.

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