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Real Estate Briefing - Categorized | IPOs/Stock Market, REITs more

Malaysia’s Sunway REIT IPO to raise about $460 mln

Posted on 11 May 2010

From Reuters: The planned listing of Malaysian property developer Sunway City Bhd’s real estate investment trust (REIT) will raise about 1.5 billion ringgit ($459 million), more than was expected in the beginning of this year, sources with direct knowledge of the deal told Reuters on Monday.
The REIT, with a fund size of 2.78 billion units, is set to become Malaysia’s largest when it is listed in the third or fourth quarter of this year……………………………………Full Article: Source


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