IOI Properties Applies for REIT Listing on Malaysian Bourse

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IOI Properties Group (KLSE:IOIPG) filed an initial listing application for the admission of its real estate investment trust (REIT) to Bursa Malaysia's official list, seeking the listing and quotation of 5.5 billion units on the Main Market, according to a Friday filing to the Singapore bourse.

The real estate company also filed an additional application for the listing of 300 million new units to be issued as staggered payment of management fees to IOI REIT Management.

The company's shares were down over 1% in recent trade.

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