IOI Properties Launches 515M REIT Share Sale
IOI Properties has launched a share sale for its property trust to raise about 515.7 million dollars. The offering values the trust at 5.3 billion ringgit ahead of a late November listing.
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IOI Properties Group Bhd launched an IPO for its property trust on Tuesday morning, aiming to raise 2.1B ringgit ($515.7M) ahead of its November 25 debut. It marks the largest real estate investment trust offering in Malaysia. The transaction values the new trust at 5.3B ringgit based on a retail price of 96 sen per unit.
