The property company plans to raise as much as RM5bil via convertible bonds mainly to develop the real estate that it
KUALA LUMPUR: Iskandar Waterfront City Bhd
, the world’s best performing small-cap stock this year, isn’t done yet after a plan to boost land assets in Malaysia led to a surge in its shares.
The property company plans to raise as much as RM5bil via convertible bonds mainly to develop the real estate that it’s acquiring, Executive vice chairman Lim Kang Hoo said in an interview last week. Iskandar Waterfront is also seeking a secondary listing in Hong Kong or China to attract a wider pool of investors, he said.
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