SINGAPORE (Aug 13): In two years, Themed Attractions Resorts & Hotels (TARH) may be ready to consider selling certain assets in Legoland Malaysia Resort, including the dry park, water park and Legoland Hotel. “As at today, we have no immediate plans for an IPO or a sale,” TARH group CEO Amir Hamzah Azizan tells The Edge Malaysia.

“[However], it is not outside the realm of possibility that we will do it at some point. We are the leisure and tourism arm of Khazanah [Nasional], so we will need to create more things with a Malaysian focus. If we need the capital, we can either sell or do an IPO and [then] do the next round of reinvestment.”

The primary goal, which was to catalyse the theme park, has been achieved, he adds, and a subsequent sale is in line with Khazanah’s theme of divestment (once catalysed). If land in Desaru Coast is being sold in parcels, Legoland will be sold in its entirety.

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