Ekovest Berhad (KLSE:EKOVEST) is planning to list Duta-Ulu Kelang Expressway part of Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd within seven years. Datuk Seri Lim Keng Cheng, Managing Director of Ekovest, said, "The IPO plan is ongoing (but) depends on the market (conditions. Lim said Duke Highway's exit payment condition was MYR 149 million, either to be listed (on Bursa Malaysia) or trade sale to a third party to generate a return of at least 11.5% for Employees Provident Fund and Ekovest. When that happens, Ekovest will be entitled to take the MYR 149 million, plus the accrued interest rising from the amount. "We are waiting for the toll to be operational to be able to gauge the cash flows and then pick the right timing to go for listing," Lim added.