Malaysia: KIP REIT IPO plans to raise $52m to buy 5 KiP Marts, mall in Bangi

Malaysia: KIP REIT IPO plans to raise $52m to buy 5 KiP Marts, mall in Bangi

(L-R ) Lim Han Gie (CEO), Chew Lak Seong (MD), Ong Kook Liong (ED) of KIP Reit Management Sdn Bhd and Derek Lim (CIMB Investment Bank Bhd)

Malaysia’s KIP Real Estate Investment Trust (KIT REIT) will raise $52 million (MYR 234 million) through an initial public offer(IPO) on the main market of Bursa Malaysia, the funds mainly to be used for acquiring five KiP Marts and a neighbourhood center as part of its assets.

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