REFILE-BRIEF-Pallinghurst clarifies interest in Gemfields includes unit's stake
* Group's interests in 258,908,915 Gemfields shares consists of 208,502,556 Gemfields shares held by Pallinghurst resources fund, wholly owned unit
KUALA LUMPUR, March 8 Malaysian property developer Iskandar Waterfront Holdings Sdn Bhd proposed on Wednesday to buy the 61.7 percent of Iskandar Waterfront City Berhad (IWC) it does not already own.
It offered to pay 1.50 ringgit for each IWC share, valuing IWC at 1.24 billion ringgit ($278.5 million) based on the number of outstanding shares.
Malaysian tycoon Lim Kang Hoo's Iskandar Waterfront Holdings said it would assume the listing status of IWC on the Bursa Malaysia stock exchange upon completion of the deal. ($1 = 4.4520 ringgit) (Reporting by A. Ananthalakshmi; editing by David Clarke)
* Deutsche Asset Management acquires office buildings 2 & 3 bankside in London’s southbank on behalf of its german open-ended real estate funds for around 310 million pounds ($395.19 million) with a top-up to be determined Source text for Eikon: Further company coverage: ($1 = 0.7844 pounds) (Reporting by Maiya Keidan)