Malaysia's Iskandar Waterfront targets US$1.2b IPO in first half of 2021

Malaysian developer Iskandar Waterfront Holdings (IWH) is planning to list in the first half of 2021 to raise at least RM5 billion (US$1.2 billion) after getting the go-ahead to start work on a mega project, its executive vice-chairperson said.

An RM1.24 billion deposit and advance payment completed on Tuesday fulfilled its initial contractual obligations to the government to allow the group and its partner China Railway Engineering Corp (CREC) to start work on Bandar Malaysia...