Does Eco World need to list a second vehicle?

By Khairie Hisyam

Liew Kee Sin ecoworld london issue compilation image 01 230615

What would have been Malaysia’s first property blank-cheque listing is now going to do a normal IPO en route to Bursa Malaysia. But does property man Liew Kee Sin need to list his new venture at all when the Eco World brand already has one listed company? Listing a second property developer under the Eco World brand brings inherent conflict with the existing Eco World Development Group. Will market regulators allow such a situation?

Issues
#2

From Spac to IPO, conflict still looms

Whether as a blank-cheque listing or through a normal IPO, listing a second property developer under the Eco World brand brings inherent conflict with the existing Eco World Development Group. ...