SINGAPORE : Malaysian theme park operator Sim Leisure Group is planning an initial public offering (IPO) in Singapore to fund its business expansion, and on Friday (Dec 28) lodged a preliminary offer document to list its shares on the Catalist board some time next year.
The company operates theme parks in Penang – Escape Adventureplay and Escape Waterplay – which cater to local and foreign visitors. Its founder and chief executive officer Sim Choo Kheng has been in the theme park development and operating business since 1993. He has also worked on the Egypt and Jurassic Park zones of Universal Studios Singapore, and the DreamWorks zone at Motiongate theme park in Dubai.
The company did not disclose how much it expects to raise, but Mr Sim told Bloomberg in an October interview that a sale of new and existing shares in Singapore could raise about $10 million to $12 million. In the interview, he also said that the deal could take place by January.
