KUALA LUMPUR (BLOOMBERG) – Malaysian developer Iskandar Waterfront Holdings Sdn is considering reviving an initial public offering as early as 2017 as it steps up the construction of projects including one with embattled state fund 1Malaysia Development Bhd (1MDB).
The company may pursue a dual listing in Malaysia and Hong Kong or Singapore as it seeks to monetize some of its assets valued at more than RM30 billion (S$9.99 billion), Lim Kang Hoo, executive vice chairman of Iskandar Waterfront, said in an Oct 7 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.