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Iskandar Waterfront City rises 7.3% as major owner opts for merger

Iskandar Waterfront Holdings decides against direct listing on Bursa

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Mr Lim, who controls both IWC and IWH, says investors need to think long term and to hold on to the shares for better returns.

Kuala Lumpur

SHARES of Iskandar Waterfront City Bhd (IWC) jumped 7.3 per cent to RM1.76 on Thursday after its major shareholder Iskandar Waterfront Holdings Bhd (IWH), which owns valuable land bank in Bandar Malaysia and Iskandar Malaysia, decided to eschew a direct listing on Bursa

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