IOI Properties' potential SGX listing remains under evaluation
KUALA LUMPUR: IOI Properties Group Bhd said its management is still evaluating potential capital market initiatives, including a secondary listing on the Singapore Exchange (SGX), with no formal proposal submitted to the board for consideration.
IOI Properties Group Bhd has stated that its management is still evaluating potential capital market initiatives, including a secondary listing on the Singapore Exchange (SGX). The remarks made by group chief executive officer Datuk Lee Yeow Seng regarding a potential secondary listing on the SGX were made in the context of management's ongoing consideration.
According to a filing with Bursa Malaysia, the company will continue to review and assess potential opportunities based on their strategic merits and potential benefits to the company and its shareholders. Any proposal recommended by management will be submitted to the board for approval and will be subject to applicable regulatory requirements.
As of now, the potential secondary listing on the SGX remains under evaluation by management, and no formal proposal has been submitted to the board for consideration. The company will make necessary announcements on any material developments in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Bhd.
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