【IWCITY 1589 交流专区】依斯干达海滨城市（前名 TEBRAU ）

Tony-Pua

1589    IWCITY    ISKANDAR WATERFRONT CITY BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/06/2017

Quarter: 2nd Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/06/2017 30/06/2016 30/06/2017 30/06/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 12,509 21,409 26,156 29,413 2 Profit/Loss Before Tax 278 (4,080) (55,506) (8,651) 3 Profit/(loss) attributable to ordinary equity holders of the parent 147 (3,815) (56,308) (8,613) 4 Net Profit/Loss For The Period 147 (3,815) (56,308) (8,613) 5 Basic Earnings/Loss Per Shares (sen) 0.02 (0.54) (6.88) (1.22) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.9700 0.8100

Tony-Pua

大马城得标财团近期浮现．林刚河概念股齐扬
http://www.sinchew.com.my/node/1692116

（吉隆坡16日讯）2018年财政预算案将在下周五（27日）宣布，市场预期大马城得标财团短期内也会“现身”，这让“得而复失”的丹斯里林刚河再成市场焦点，他旗下公司也趁势而起，价量齐扬。

林刚河旗下的海滨城市（IWCITY，1589，主板产业组）以及怡克伟士（EKOVEST，8877，主板建筑组）今日表现突出，市场人士认为，随着预算案将注重基建及房屋问题，林刚河两家公司料有望从中受惠，加上它们仍有机会从大马城发展计划受惠，使股价被趁势炒起。

今早海滨城市以平盘1令吉28仙开市，交易不久即大量买盘涌进，使股价稳健扬升，早市一度猛涨20仙或15.62%，至1令吉48仙的高峰。其涨势在休市前稍微放缓至18仙或14.06%，至1令吉46仙，半天成交量已放大至5184万股。

林刚河旗下的另一只建筑股──怡克伟士的表现也不俗，今早一度涨升8仙或7.27%，至1令吉18仙，半天成交量已达1428万4600股，以1令吉17仙休市，起7仙或6.36%。

海滨城市涨15仙
怡克伟士起5仙

全天收市时，海滨城市涨15仙或11.72%，至1令吉43仙，成交量达6109万7500股，为第7热门股。另一边厢，怡克伟士也不甘示弱，全天仍起5仙或4.55%，至1令吉15仙，总共有2064万9500股易手，显示交投也相当炽热。

市场人士认为，林刚河的两只股在全场马股跌多起少、综指也出现微跌情况下逆流而上，尤受市场注目。他认为，除了上述潜在催化因素的推动，相信也可能是跌至偏低水平浮现的技术反弹，投资者可要注意它们是否宣布任何最新的企业消息，以决定进退。

文章来源：
星洲日报‧财经‧报道：李文龙‧2017.10.16

Tony-Pua

Type	Announcement
Subject	SUSPENSION OF SECURITIES
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "COMPANY")- SUSPENSION OF TRADING
The Company wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request for suspension of trading of the Company's shares with effect from 9:00 a.m., Monday, 30 October 2017 to 5:00 p.m., Tuesday, 31 October 2017. The request for suspension is made under subparagraph 3.1(a)(iii) of Practice Note No. 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities pending the release of a material announcement.. This announcement is dated 30 October 2017.

icy97

依海城怡克伟士停牌2天
传林刚河调整重组计划

2017年10月30日
（吉隆坡30日讯）依海城（IWCITY，1589，主板产业股）和怡克伟士（EKOVEST，8877, 主板建筑股）宣布双双暂停交易2天，可能是大股东丹斯里林刚河有意调整重组计划。

林刚河早前有意通过依斯干达海滨控股私人有限公司（IWH，简称依海控股），以换股方式倒置收购依海城，取代上市地位。

双方的合并也包括一项地库重组活动，为IWH注入3593英亩的土地，市值达41亿令吉。

这项合并计划原定在4月19日完成，但后来将协议延迟至明天（31日）。

依海城和怡克伟士这两大林刚河概念股，今早向交易所报备，配合发布消息，从早上9时开始暂停交易，直到明日下午5时。

资产分布隆柔

媒体传闻，林刚河有意调整重组计划，并可能涉及怡克伟士。

目前，依海城的产业资产在柔佛，而怡克伟士大部分产业落在吉隆坡。由于柔佛产业属于长期发展，而吉隆坡产业周转期较快，所以重整资产是合理的。

市场人士指出，依海城和怡克伟士今天召开董事部会议，会在明天公布重组计划。

对此，林刚河在回复本报询问时，仅表示三家公司的董事部正在开会，商榷一项企业活动，请市场耐心等待公布详情。

林刚河是依海城和怡克伟士的大股东，根据两家公司2016年报，他分别持股38.35%和32.38%。

依海城主要吸引力在于新山拥有6773英亩海滨地皮，而怡克伟士则拥有吉隆坡黄金地皮，并从“生命之河”（River of Life）计划获得回酬。

怡克伟士经营建筑、产业及大道业务。【e南洋】

Tony-Pua

林刚河合并IWH-IWCity受挫
Chester Tay/The Edge Financial Daily
November 01, 2017 13:10 pm MYT

（吉隆坡1日讯）丹斯里林刚河拟将Iskandar Waterfront Holdings私人有限公司（IWH）与持股38.53%的Iskandar Waterfront City Bhd（IWCity）合并，成为大马交易所最大上市产业发展商之一的计划受挫。

IWCity昨日意外宣布，该公司和IWH已同意终止合并。

这是由于原本应该将地库注入扩大后IWH的地主，即柔佛州苏丹依布拉欣陛下及Kumpulan Prasarana Rakyat Johor（KPRJ）退出参与两家公司之间的重组计划。

IWCity昨日向大马交易所报备：“这导致意想不到的显著变化，以及重组计划的规模缩小。”

因此，IWCity表示，合并计划和重组计划不再符合IWH当初预期的效益和目的。

“双方也不太可能在期限内履行合并协议的先决条件。”

然而，IWH-IWCity合并告吹，并没有阻止林刚河探索新的机会。

也是怡克伟士（Ekovest Bhd）大股东兼执行主席的林刚河，目前提议怡克伟士以每股1.50令吉现金，或通过1对1换股，收购IWH未持有IWCity的62%股权。

林刚河和一致行动人士目前控有IWH的63%股权，而KPRJ持有余下的37%。此外，林刚河通过IWH持有IWCity的38.35%。他也拥有怡克伟士32.38%。

据了解，根据新的计划，林刚河打算将IWCity私有化。

一名知情人士昨日向《The Edge》财经日报透露：“基本上，新计划试图私有化IWCity。对于怡克伟士来说，这是一笔很好的投资交易，因1.50令吉的作价，较IWCity在公开市场的价值折价60%，而怡克伟士则以高于目前市价28%的价格发新股。”

消息来源指出，IWCity的参阅公开市场价值为36亿8000万令吉。

这意味着怡克伟士收购IWCity的62%股权，总值约为23亿令吉或每股4.44令吉，较7亿7784万令吉或每股1.50令吉的出价，折价66%。

今年5月，IWH与IWCity签署合并协议，通过1对1换股收购后者的余下62%股权，并取代其上市地位。经过两次延期，IWCity董事部直到昨日还在审议IWH提出的合并献议。

配合这项合并计划，IWH将与董事兼执行副主席林刚河展开一项重组计划，通过内部合理化IWH集团和各个柔佛州机构包括KPRJ的少数股权，将地库整合纳入IWH旗下。这将为IWH注入3593英亩地，市价为41亿令吉。

怡克伟士另外报备说，上周五收到林刚河的提案，以收购主要位于柔佛，目前拥有1052英亩地库的IWCity 62%股权。

林刚河还向持有IWCity 38%的IWH董事部建议，不接受怡克伟士的献议。所有各方可在11月30日之前审议林刚河的提案。

Astramina Advisory私人有限公司已被委任为这项收购计划的财务顾问。

当联系该公司董事经理Wong Muh Rong时，她表示团队已经对拟议交易的利弊进行了彻底的评估。

“我们得到所有（大）股东和董事的全力支持。”

（编译：陈慧珊）

Type	Announcement
Subject	OTHERS
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWC" OR "COMPANY")PROPOSED MEMBERS SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IWC IN CONNECTION WITH A PROPOSED MERGER SCHEME AND PROPOSED RESTRUCTURING EXERCISE TO BE UNDERTAKEN BY ISKANDAR WATERFRONT HOLDINGS SDN BHD ("IWH")
We refer to the announcements dated 8 March 2017, 19 April 2017, 5 May 2017, 5 July 2017 and 5 September 2017 (“Announcements”). Unless otherwise defined, all expressions used in this announcement shall carry the same meaning as defined in the Announcements. On behalf of the Board of IWC, AmInvestment Bank, CIMB Investment Bank, Maybank Investment Bank and RHB Investment Bank wish to announce that the Company has been informed by IWH that the respective vendors of the Joint Properties and the SJ Properties have informed IWH that they will not be participating in the Proposed Restructuring Exercise resulting in an unexpected substantial variation and reduction to the scale and scope of the Proposed Restructuring Exercise.   After taking into account the variation and reduction in the scale and scope of the Proposed Restructuring Exercise, the implementation of the Proposed Merger Scheme and the Proposed Restructuring Exercise is no longer consistent with the anticipated benefits and intentions which were originally envisaged by IWH and the parties are unlikely to be in a position to fulfil the conditions precedent contemplated in the Merger Agreement within the originally anticipated timeframe for fulfilment/obtainment. Accordingly, premised on the above, the Company and IWH have agreed to mutually terminate the Proposed Merger Scheme contemplated and set out under the Merger Agreement (“Termination”). For the avoidance of doubt, the Termination is not subject to the SC’s prior consent. This announcement is dated 31 October 2017.

Tony-Pua

重组引疑窦．2股惨遭卖压．林刚河身家缩水1.8亿
http://www.sinchew.com.my/node/1697180/

（吉隆坡1日讯）丹斯里林刚河的最新业务整合计划引起种种疑窦，令市场大为震惊，导致怡克伟士（EKOVEST,8877,主板建筑组）与海滨城市（IWCITY,1589,主板产业组）复牌后狂泻，拖累林刚河身家崩跌1亿8072万令吉。

怡克伟士挫21仙  海滨城市跌11仙

由于公布的全购计划出人意表，市场对计划置疑，也唱淡成功率，加上产业领域正处看淡阶段，怡克伟士一度猛挫25仙，收盘报95仙，跌21仙，市值蒸发4亿4919万令吉。

即便是海滨城市，也深受卖压欺凌，一度深跌12仙，收盘报1令吉29仙，跌11仙，市值蒸发9211万令吉。

以今日闭市价计，林刚河身家在短短一天内丢失1亿8072万令吉。

不过，与林刚河相关的柔建（KNUSFOR,5035,主板贸服组）微跌1仙，至1令吉；林蓬岸种植（PLS,9695,主板种植组）则平盘价96仙挂收。

林刚河分别持有柔建与林蓬岸种植30.11%及23.42%。

怡克伟士每股1.50令吉购海滨城市

怡克伟士宣布以每股1令吉50仙现金或发售每股订单1令吉50仙的新股方式，全面献购尚未持有的海滨城市62%股权。

市场原预测林刚河会将怡克伟士的产业并在海滨城市，结果计划出炉是反其道而行，市场置疑这项整合用意，同时怡克伟士如何融资收购及股东或不会放行计划等疑虑，都对公司股价造成压力。

截至2017年6月30日，海滨城市首6个月净亏损为5630万8000令吉。

若7.64亿现金收购
怡克伟士负债恐推高

大华继显研究认为，上述收购属于“负面惊讶”，若怡克伟士需全面以现金方式收购海滨城市，那么怡克伟士需耗资7亿6400万令吉现金，进而将负债比从0.8倍推高至1.1倍。此外，按5%年利率计算，怡克伟士每年需承担3800万令吉的成本。

负债比料升至1.1倍

怡克伟士或可选择发股筹资，但每股盈利将被冲稀，因海滨城市的主要资产是土地，属于长期才能回收性质。如果50%的海滨城市股东接受股票交换，怡克伟士的本益比将走高至18.5倍。

不愿具名的分析员认为，怡克伟士溢价10仙收购海滨城市，对后者相当有利，不过怡克伟士无法从中获得‘甜头’。因此，怡克伟士股东未必同意收购海滨城市，毕竟涉及重大交易，需要召开股东特大获取股东同意。

溢价10仙收购
有利海滨城市

“怡克伟士若没有收购海滨城市，那么该公司的基本面依旧良好。”

辉立资本管理公司首席投资员洪国兴接受《星洲财经》电访时表示，基于产业领域尚未复苏，因此怡克伟士收购海滨城市并不见得是项好的收购。此外，收购海滨城市后，后者在短期内也无法对怡克伟士的盈利做出贡献。

洪国兴相信海滨城市股东更愿意接受1令吉50仙的现金献购价，但问题是怡克伟士献购的钱，是从何而来？

大华继显按分类综合估值法（SOTP）估值怡克伟士后，折价50%，决定下砍评级至“卖出”，目标价也调低至1令吉零4仙，并预计短期股价仍受下跌压力。不过，如果股东不接受、交易告吹，怡克伟士股价反有上调空间。

大华继显表示，根据海滨城市在柔佛的1052英亩土地估值，这项收购是账面值1.5倍，但折扣65%，但因土地不能立刻套现，即使大打折收购，投资机构还是给于负面评价。

洪国兴不排除海滨城市地库未来可做出好的发展，但那是长期的发展计划。

不署名产业分析员认同并表示，海滨城市的地库虽然比较多，但发展期限甚长，且甚多地库临近海边，需要进行填土工程，海滨城市的业务无法在短期内做出显著的贡献。

洪国兴认为，仅仅柔佛的地库，海滨城市并没有很大的吸引力。如果海滨城市握有大马城地段的话，那就另当别论，毕竟大马城拥有众多税务奖掖，且位居隆新高铁，发展潜力较大。

林刚河早前透过依海控股（IWH）与中国铁道工程机构（马）有限公司（CREC）组成IWH-CREC私人有限公司财团，以74亿1000万令吉，收购大马城60%的股权。他并有意将依海控股，以1换1比例，交换海滨城市的股票，并取代后者的上市地位。惟收购大马城计划无法如期，林刚河也重新部署业务整合策略。

洪国兴表示，市场本预期林刚河是将怡克伟士产业业务全面转移至海滨城市，但出乎意料的是反其道而行，怡克伟士却全面献购海滨城市，就企业活动而言，无法得知林刚河的意图，但可以理解的是，林刚河将透过怡克伟士全面控制海滨城市。

针对换股计划一事，洪国兴说，按股价对比，海滨城市股价比怡克伟士还要高，相信海滨城市股东并不会接受换股献议。

文章来源：
星洲日报／财经 ‧ 报道：谢汪潮 ‧ 2017.11.01

哭哭鸟

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讲股之～Ekovest收购IWCITY对公司短期及长期盈利所带来的影响？（THE EDGE报道）

icy97

依海城合并急转弯/万年船

2017年11月5日

小股东大权利

今年的股市动态回顾起来，少不了依海城（IWCITY）的频频动作。年头看来，一切是那么美好，大马城发展在望，又将被依海控股（IWH）倒置收购，届时，吉隆坡和柔佛依斯干达的重点发展，足够公司花30年来完成。

单单和依海控股的合并，已值得1.50令吉，加上大马城，又是另一个1.50令吉，所以股价从1令吉剧冲到3令吉，不乏涨停板之势，风头一时无两。

大马城的是是非非，至今还是无法让我们明白谁对谁错，不过，其控制权和发展权，已经拱手让出，如要夺回，可能要大马经历另一场风暴才有机会吧；即使如此，赚益也可能没有之前那么可观。

这样一来，公司重组的吸引力减半，股价也掉回1.50令吉以下。

虽然如此，被依海控股（IWH）倒置收购的事，据说照走，到时新公司会以1.50令吉的股价收购，小股东可能可以脱困，或者融入一家更巨大的公司。

股价打回原形

可是，话题公司就是话题公司，年尾犹没忘记再搞话题。经过整半年的探讨，依海控股的股东可能觉得耗时过久，最佳时机已经错过，于是通知依海城：我不玩了，整个倒置收购宣告无疾而终。

这对依海城又是另一个打击，上周复牌后股价打回原形，从1.40令吉跌到1.30令吉。

依克伟士无辜受牵连

股价之所以不会大跌，原因在于大股东一计不成，二计又生。

在宣布计划告吹同时，另外建议其联号公司怡克伟士（EKOVEST）以1.50令吉现金或新股，收购依海城市所控制38%以外的62%股权。

从来这种交叉建议，不受投资者所喜，更何况是因为之前的计划失败而衍生的替代计划？

本来没有关系的依克伟士，无辜受到牵连，还可能要掏出约8亿令吉来促成收购，复牌后股价大跌20%，比依海城还糟糕，成了代罪羔羊。

接下来已经不是依海城单方面的故事，所以发展牵涉到怡克伟士，投资者冷静以后，自然会研究这个新计划到底对哪家公司有利，才决定下个行动。【e南洋】

Tony-Pua

第三季售地大功臣
依海城转盈8961万
2017年12月1日
http://www.enanyang.my/news/20171201/第三季售地大功臣-br-依海城转盈8961万/

（吉隆坡1日讯）依海城（IWCITY，1589，主板产业股）截至九月杪第三季，按年转亏为盈，录得8960万6000令吉净利，或每股10.95仙，远胜上财年同季的358万7000令吉净亏。

公司向马交所报备，当季营业额也报捷，收2亿2019万9000令吉，较去年同期的1654万6000令吉，暴涨12.3倍。

根据文告，第三季营业额和净利大增，是因为有脱售Lot 1A地皮所得。

累计首九个月，依海城收得3329万8000令吉净利，或每股4.07仙；而营业额则写2亿4635万4000令吉，按年大增4.36倍。

展望未来，依海城点出虽然产业前景持续充满挑战，但公司将会根据市况调整旗下产品，来克服未来的挑战。

1589    IWCITY    ISKANDAR WATERFRONT CITY BERHAD

Quarterly rpt on consolidated results for the financial period ended 30/09/2017

Quarter: 3rd Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2017 30/09/2016 30/09/2017 30/09/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 220,199 16,546 246,354 45,960 2 Profit/Loss Before Tax 143,785 (3,588) 88,279 (12,239) 3 Profit/(loss) attributable to ordinary equity holders of the parent 89,606 (3,587) 33,298 (12,200) 4 Net Profit/Loss For The Period 89,606 (3,587) 33,298 (12,200) 5 Basic Earnings/Loss Per Shares (sen) 10.95 (0.51) 4.07 (0.02) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.9700 0.8100

Tony-Pua

海滨城市末季转盈赚1482万
http://www.sinchew.com.my/node/1731928/

（吉隆坡28日讯）售地及税务影响，扭转海滨城市（IWCITY，1589，主板产业组）截至2017年12月31日第四季表现，转亏为盈，净赚1482万2000万令吉，全年也获利4812万1000令吉。

第四季营业额受到产业发展和建筑部门工作减少拖累，按年走低17%，至2547万2000令吉；全年营业额则因为卖地予绿地集团（GTSB），飙涨2.54倍，至2亿7178万2000令吉。

该公司产业和建筑业务分别在第四季出现95万7000和630万令吉的净亏损，但在税率调整后，反而取得净利。

展望未来，管理层对于2018年产业市场感到乐观，主要是公司Botanika发展项目销售和工程进展顺利。

同时，该公司近期推出Danga Sutera项目，在未来3至5年内可贡献约6亿令吉发展总值。

文章来源：
星洲日报‧财经‧2018.03.01

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	25,427	30,637	271,782	76,596
2	Profit/(loss) before tax	-3,596	-2,679	84,683	-14,918
3	Profit/(loss) for the period	14,822	-3,826	48,121	-16,026
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,822	-3,826	48,121	-16,026
5	Basic earnings/(loss) per share (Subunit)	1.81	-0.55	5.88	-2.28
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		0.8100

icy97

Subject

INDEPENDENT ADVICE CIRCULAR TO THE HOLDERS OF THE OFFER SHARES IN RELATION TO THE CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY EKOVEST BERHAD TO ACQUIRE ALL ORDINARY SHARES IN ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") ("IWCITY SHARES") AND ANY NEW IWCITY SHARES THAT MAY BE ISSUED PRIOR TO THE CLOSING DATE OF THE OFFER ARISING FROM THE EXERCISE OF OUTSTANDING EMPLOYEE SHARE OPTIONS IN IWCITY (BOTH COLLECTIVELY REFERRED TO AS THE "OFFER SHARES") FOR A CONSIDERATION OF RM1.50 PER OFFER SHARE, WHICH SHALL BE SATISFIED BY WAY OF A CASH CONSIDERATION OF RM1.50 FOR EVERY 1 OFFER SHARE SURRENDERED OR A SHARE EXCHANGE BASED ON AN EXCHANGE RATIO OF 1 NEW ORDINARY SHARE IN EKOVEST BERHAD TO BE ISSUED AT AN ISSUE PRICE OF RM1.50 EACH FOR EVERY 1 OFFER SHARE SURRENDERED ("OFFER")

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5731825

Attachments IAC IWCity 22 March 2018.pdf

icy97

Type	Announcement
Subject	TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "THE COMPANY")- CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY EKOVEST BERHAD ("EKOVEST" OR "THE OFFEROR") (OFFER)
(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcement dated 18 December 2017.) We refer to the announcements dated 18 December 2017, 21 December 2017, 8 January 2018 and 12 March 2018 in relation to the Offer. The Board of Directors of IWCity wishes to announce that IWCity has today received a press notice from Mercury Securities Sdn Bhd on behalf of the Offeror, informing that the shareholders of Ekovest have not approved the resolution pertaining to the Offer at its extraordinary general meeting today. In view of the above, the Offer has lapsed and all acceptances received pursuant to the Offer will be returned to the respective shareholders of IWCity. A copy of the press notice is attached herewith. This announcement is dated 29 March 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5740577

Attachments Press Notice - Ekovest EGM outcome.pdf

icy97

Type	Announcement
Subject	MATERIAL LITIGATION
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") OR ("THE COMPANY")High Court of Johor Bahru, Johor Summons No. JA-21NCvC-8-03/2018Kerajaan Malaysia ("Plantiff") vs Tebrau Bay Constructions Sdn. Bhd. ("Defendant")
The Board of Directors of IWCity wishes to inform that Tebrau Bay Constructions Sdn Bhd (“TBCSB”), a wholly-owned subsidiary of the Company, had on 12 April 2018, been served with a Writ of Summon and Statement of Claim dated 15 March 2018 by the Government of Malaysia (“the Plaintiff”). 1.  Date of receipt of the Writ of Summon and Statement of Claim Both the Writ of Summon and Statement of Claim dated 15 March 2018 were served on TBCSB at its registered office on 12 April 2018. 2.  Particulars of the claims under the Writ of Summon and Statement of Claim The claims pursuant to the Writ of Summon and Statement of Claim are as follows: (a)  The Writ of Summon was issued by Inland Revenue Board of Malaysia (“IRB”) for and on behalf of the Plaintiff; (b)  A claim by the Plaintiff for RM32,227,942.16; (c)  Interest of 5% per annum on RM32,227,942.16 from the date of judgement until the date of realisation; (d)  Costs; and (e) Such further or other reliefs as the Honourable Court deems fit and proper to grant. 3.  Details of the circumstances leading to the filing of the Writ of Summon and Statement of Claim against TBCSB The circumstances leading to the filing of the Writ of Summon and Statement of Claim against TBCSB are as follows: (a)  IRB had raised additional income taxes assessment and tax penalties amounting to RM36,983,955.00 (“Additional Assessment”) to TBCSB for years of assessment 2010, 2012 and 2014. TBCSB did not received the notices of assessment dated 16 August 2017 but was only notified of the said notices via email on 24 January 2018; (b) TBCSB disagreed on the basis of the Additional Assessment and had filed a formal appeal against the Additional Assessment by submitting the prescribed Form N to IRB seeking for extension of time; (c)  TBCSB has not paid the Additional Assessment pending the outcome from IRB; and (d)  The Additional Assessment and tax penalties imposed as stated above still remain outstanding. 4.  The financial and operational impact of the Writ of Summon and Statement of Claim on the IWCity Group Upon consulting its tax consultants and solicitors, TBCSB is of the view that there are reasonable grounds to challenge the basis and validity of the disputed Additional Assessment raised by IRB. In this regard, at this juncture, the Company is not able to ascertain the financial impact arising from the claims. The claims, however, are not expected to have any material operational impact on the IWCity Group. 5.  Proposed steps to be taken in respect of the Writ of Summon and Statement of Claim The Company is currently seeking the advice from the tax consultants and solicitors to handle the matter and any further material development of the above matter will be announced in due course. This announcement is dated 12 April 2018.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	32,067	13,785	32,067	13,785
2	Profit/(loss) before tax	1,216	-55,727	1,216	-55,727
3	Profit/(loss) for the period	815	-56,424	815	-56,424
4	Profit/(loss) attributable to ordinary equity holders of the parent	815	-56,424	815	-56,424
5	Basic earnings/(loss) per share (Subunit)	0.10	-6.97	0.10	-6.97
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		0.9700

icy97

Type	Announcement
Subject	MATERIAL LITIGATION
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWCITY") OR ("THE COMPANY")High Court of Johor Bahru, Johor Summons No. JA-21NCvC-8-03/2018Kerajaan Malaysia ("Plantiff") vs Tebrau Bay Constructions Sdn. Bhd. ("Defendant")
(all definitions and terms used below shall be consistent with the announcement dated 12 April 2018) We make reference to our announcement in relation to the above matter dated 12 April 2018. The Board wish to announce that TBCSB, our wholly-owned subsidiary had, following the full settlement of the taxes claimed, on 19 June 2018 received the sealed court order dated 20 May 2018 that the Writ and Plaintiff’s Statement of Claim dated 15 March 2018 is withdrawn without any order as to costs. Notwithstanding the above settlement, TBCSB shall continue to make the necessary appeals to IRB against the Additional Assessments. This announcement is dated 19 June 2018.

icy97

Type	Announcement
Subject	OTHERS
Description	ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "THE COMPANY")- Unusual Market Activities
With reference to the recent sharp rise in the price and volume of IWCity shares, the Company wishes to announce that it is not aware of any news that may give rise to the aforesaid trading activities. Further, as to the article in The Edge Financial Daily entitled “IWCity, Ekovest surge on renewed Bandar Malaysia talks” on 20th July 2018, the Company has been informed by its parent company, Iskandar Waterfront Holdings Sdn Bhd (“IWH”) that it has not submitted any renewed bid for the Bandar Malaysia project. This announcement is dated 20 July 2018.

icy97

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	17,953	12,786	50,021	26,571
2	Profit/(loss) before tax	-10,698	546	-9,482	-55,182
3	Profit/(loss) for the period	-9,441	293	-8,626	-56,132
4	Profit/(loss) attributable to ordinary equity holders of the parent	-9,441	293	-8,626	-56,132
5	Basic earnings/(loss) per share (Subunit)	-1.13	0.04	-1.03	-6.86
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		0.9700

icy97

IWCity第三季净利狂泻至45万
Supriya Surendran/theedgemarkets.com
November 28, 2018 20:07 pm +08
http://www.theedgemarkets.com/article/iwcity第三季净利狂泻至45万

（吉隆坡28日讯）在没有卖地收益的情况下，Iskandar Waterfront City Bhd（IWCity）截至今年9月杪第三季（2018财年第三季）净利骤降至44万9000令吉，上财年同季为8839万令吉。

季度营业额也从2亿1712万令吉，按年大跌91.4%至1867万令吉。

由丹斯里林刚河掌控的IWCity在现财年首9个月净亏818万令吉，2017财年首9个月则净赚3226万令吉。

2018财年首9个月营业额报6869万令吉，较2017财年同期的2亿4370万令吉，按年狂泻71.8%。

现财年首9个月每股亏损为0.98仙，上财年同期每股盈利为3.95仙。

在任何无可预见的情况下，该集团估计，可在现财年末季获得满意的表现。

（编译：魏素雯）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	18,674	217,126	68,695	243,697
2	Profit/(loss) before tax	158	142,598	-9,324	87,417
3	Profit/(loss) for the period	449	88,391	-8,177	32,260
4	Profit/(loss) attributable to ordinary equity holders of the parent	449	88,391	-8,177	32,260
5	Basic earnings/(loss) per share (Subunit)	0.06	10.80	-0.98	3.95
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		0.8100

Tony-Pua

1589                 IWCITY                 ISKANDAR WATERFRONT CITY BERHAD

Quarterly rpt on consolidated results for the financial period ended 31/12/2018

Quarter: 4th Quarter Financial Year End: 31/12/2018 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2018 31/12/2017 31/12/2018 31/12/2017 RM '000 RM '000 RM '000 RM '000 1 Revenue 52,708 25,158 118,476 267,632 2 Profit/Loss Before Tax 1,279 (23,240) (8,046) 64,177 3 Profit/(loss) attributable to ordinary equity holders of the parent 1,573 13,413 (6,604) 45,673 4 Net Profit/Loss For The Period 1,573 13,413 (6,604) 45,673 5 Basic Earnings/Loss Per Shares (sen) 0.19 1.63 (0.79) 5.58 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.9700 0.9700