Theme Park Veteran Shuns Roller Coasters on Way to Singapore IPO
- Sim Leisure prepares listing of Malaysian theme park business
- Share sale to fund China expansion may take place by January
The trading gallery of the RHB Investment Bank Bhd. headquarters in Kuala Lumpur, Malaysia.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Sim Leisure is planning a Singapore initial public offering of its Malaysian theme park business, which offers water slides, dunk tanks and tree swings at its Penang location.
A sale of new and existing shares could raise about S$10 million ($7.2 million) to S$12 million, said Sim Choo Kheng, the company’s founder and chief executive officer. Proceeds from the deal, which could take place by January, will be used to fund a new park in eastern China’s Shandong province, he said in an Oct. 8 interview in Singapore.