Iskandar Waterfront plots backdoor listing

The Malaysian group drops a year-long plan to list its properties and now plans to inject them into its listed subsidiary in a $278 million merger.
Iskandar Waterfront's property development at the Strait of Johor
Iskandar Waterfront's property development at the Strait of Johor

Malaysian property developer Iskandar Waterfront Holdings announced on Wednesday that it will merge with its Kuala Lumpur-listed subsidiary Iskandar Waterfront City in a M$1.24 billion ($278 million) deal, putting an end to speculation that the developer will list its assets separately at the group level.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media