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

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.