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Tuesday, June 22, 2010

Sunway REIT shares at 97 sen for individuals

Sunway Real Estate Investment Trust, controlled by property and hotel group Sunway City Bhd, plans to offer shares for its initial public offering at 97 sen each to individual investors, according to a prospectus published on Malaysian newspapers today.

Individual investors will get a refund if the final IPO price for institutional investors is lower than the retail price, according to the sale document.

By Bloomberg

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