Major player: Lim is the major shareholder of IWH with a 70 stake via Credence Resources Sdn Bhd. The remaining 30 is held by state-owned Kumpulan Prasarana Rakyat Johor.
IN the books of Tan Sri Lim Kang Hoo, Iskandar Waterfront Holdings Sdn Bhd (IWH) will certainly go for a listing this year. But the frame of its listing -- its shape, form and value proposition to investors -- are things that are still being worked out by those close to the contractor turned developer of cities.
IWH is the master developer of the 4,300-acre Danga Bay waterfront city in Johor. It is also the master developer and part equity owner of the iconic Bandar Malaysia located in the heart of Kuala Lumpur on a 486-acre site in Sungai Besi.
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