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PARAGRAPH/RULE 8.03A COMPANIES : MONTHLY ANNOUNCEMENT

ISKANDAR WATERFRONT CITY BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
MONTHLY ANNOUNCEMENT
Description
ISKANDAR WATERFRONT CITY BERHAD ("IWCity" or "the Company")
- Monthly Announcement Pursuant to Paragraph 8.03A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad

Reference is made to the Company’s announcements on 25 March 2022, 3 June 2022, 10 June 2022, 22 March 2023, 19 April 2023, 20 September 2023 and the subsequent monthly announcements dated 8 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 3 April 2023, 2 May 2023, 1 June 2023, 3 July 2023, 1 August 2023 and 1 September 2023. Pursuant to Paragraph 8.03A(2)(b) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company is considered as an affected listed issuer.
As announced on 20 September 2023, the Company had on the even date submitted an application for an extension of time to submit its regularisation plan to Bursa Securities (“EOT Application”). The Company will make further announcement upon receiving the decision from Bursa Securities on the EOT Application. 
We also refer to the Company’s announcement dated 27 September 2023 where the Board of Directors of the Company (“Board”) received a letter from Tan Sri Dato’ Lim Kang Hoo, being the major shareholder of IWCity, requesting the Company to consider participating in a reorganisation, rationalisation and merger proposal comprising, among others, the proposed merger of the properties and assets of Iskandar Waterfront Holdings Sdn Bhd (“IWH”) and IWCity under a single entity through the acquisition by IWCity of the entire issued share capital of all the existing direct subsidiaries of IWH (“Proposed Acquisition”). The Board will deliberate and evaluate the Proposed Acquisition with its appointed adviser, Maybank Investment Bank Berhad to regularise the status of the Company as affected listed corporation. 
This announcement is dated 2 October 2023.






Announcement Info

Company Name ISKANDAR WATERFRONT CITY BERHAD
Stock Name IWCITY
Date Announced 02 Oct 2023
Category General Announcement for PLC
Reference Number GA1-02102023-00069



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