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IWCity says restructuring deadline extended

Mimi Sabreena 2:35:00 PM Informasi

KUALA LUMPUR (July 5): Iskandar Waterfront City Bhd (IWCity) and Iskandar Waterfront Holdings Sdn Bhd (IWH) extended the deadline to conclude their planned restructuring to Sept 4 this year, as IWH needed more time to finalise talks on the corporate exercise.

Property developer IWCity told Bursa Malaysia today the extension was needed to enable IWCity's major shareholder IWH to negotiate in good faith and execute the definitive sale and purchase agreements (SPA) with the relevant vendors under the restructuring.

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