The Malaysia-based Themed Attractions Resorts & Hotels Sdn Bhd (TARH) will soon be floating shares on the stock market after amassing a significant development portfolio.

The Malaysian company, valued at RM5bn (US$1.27bn, €1.16bn, £819m), is owned by Malaysia's state investor Khazanah Nasional Bhd. The investment holding company, incorporated to develop, manage and operate hospitality and attraction destinations in Malaysia, targets premier world-class hotels, resorts, golf courses and attractions in the region to add to its ever-expanding collection of properties.

"We are working towards a listing," said TARH group managing director and CEO Tunku Ahead Burhanuddin, speaking to New Straits Times. "What we have done in the last two to three years is to expand our portfolio and broaden our value creations within our hotel and theme park business."

The company's current key investment portfolio includes Desaru Coast - Malaysia’s first integrated luxury destination; Legoland Malaysia; KidZania Kuala Lumpur & KidZania Singapore; Sanrio Hello Kitty Town and The HIT Entertainment-themed Little Big Club among a selection of hotels and resorts and entertainment destinations.