The IPO would be watching company based in Johor joined some of the master property developers listed major Asian like Ayala Corp. of the Philippines and Mitsubishi Estate Co Ltd of Japan.
A line of the biggest property developers
That market value is set to put Iskandar Waterfront row with the largest local property developer, UEM Land Holdings Bhd.
Iskandar Waterfront between subsidiaries is Tebrau Teguh Bhd has appointed CIMB Investment Bank, Deutsche Bank, JPMorgan and RHB Investment Bank to manage the IPO, according to the sources.
CIMB and Deutsche Bank however refused to comment on the matter. Other banks failed to be reached.
Officers from Iskandar Waterfront also failed to be reached.
Iskandar Waterfront, Managing Director, Tan Sri Lim Kang Hoo and Johor Government are among its shareholders is the master developer of waterfront 1620 hectares in Iskandar Malaysia.
The regional development, led by Khazanah Nasional Bhd has attracted other developers such as property developer from China, Country Garden Holdings Co Ltd, which bought 11 hectares of land offered waterfront.
Listing of Iskandar Waterfront is expected to be the first after the general election.
Malaysia is Asia's IPO market in 2012, driven by the Government's privatization program and a strong economy.
However, analysts and investment banks said the IPO activity will slow a bit towards the general elections because of concern over the volatility of the market.
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
0 comments:
Post a Comment