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

Danny Leung

March 09, 2017

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.

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