Iskandar Waterfront considers reviving IPO

KUALA LUMPUR: Malaysian developer Iskandar Waterfront Holdings Sdn Bhd is considering reviving an initial public offering as early as 2017 as it steps up the construction of projects including one linked to 1Malaysia Development Bhd.

The company may pursue a dual listing in Malaysia and Hong Kong or Singapore as it seeks to monetise some of its assets valued at more than RM30bil, Iskandar Waterfront executive vice-chairman Tan Sri Lim Kang Hoo said in an interview in his Kuala Lumpur office. He declined to specify how much the sale would raise and doesn’t rule out the possibility of roping in a strategic partner as part of the offering.