atans1

Iskandar & related BT story suck

In Malaysia, Property on 10/11/2013 at 6:20 am

Trumpets pls for this recent post on Iskandar.

M’sians Double confirm now that S’poreans kanna screwed by the M’sian govt Budget measures and Johor’s proposed

Malaysia’s Iskandar Waterfront delays IPO on gov’t property steps -sources

* Postpones listing to Q4 2014, a year later than initially planned

* Concerned measures to rein in property prices will slow demand

* Not immediately clear if delay will impact Johor metropolis development

http://uk.reuters.com/article/2013/11/04/malaysia-iskandar-ipo-idUKL3N0IP1FE20131104

This story came out juz after a BT article on 4 November 2013, a few hours before the above appeared:

Jubilee: An interesting Iskandar play

THE property rush across the Causeway in the past couple of years has seen prices in Iskandar Malaysia double or even triple. Despite talk of a bubble, investors unwilling to jump onto the buyers’ bandwagon can still take bets on property developers themselves.

Jubilee Industries Holdings – formerly loss-making plastic injection mould producer JLJ Holdings – appears poised to be the latest intriguing Iskandar play on Singapore Exchange.

A proposed reverse takeover (RTO) announced in mid-October will see Singaporean businessman Dennis Ng inject Tenderside Ventures, a subsidiary of his Malaysian property development company Jewelstone Properties, into Catalyst-quoted Jubilee.

The deal gives a well-connected and established family a foothold in a listed entity in Singapore.

Mr Ng is executive director of United Malayan Land (UMLand), of which his father, Ng Eng Tee, is deputy chairman and also executive director.

http://www.businesstimes.com.sg/premium/companies/others/jubilee-interesting-iskandar-play-20131104

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