Thursday, 6 September 2012

IGB Real Estate Investment Trust (IGBREIT)

Malaysia's fourth largest IPOand Southeast Asian nation's largest REITS, IGB Real Estate Investment Trust's US$266 million listing is already oversubscribed, revealing strong demand for this trust.

Market value of up to RM4.25 billion (US$1.4 billion), topping Pavilion Real Estate Investment Trust's RM4.05 billion. The retail price is RM1.25 per unit. 

Opening of application27/08/2012
Closing of application04/09/2012
Balloting of applications07/09/2012
Allotment of IPO shares to successful applicants20/09/2012
Tentative listing date21/09/2012

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