Axis Global Islamic REIT Delays Up To US$650 Million Malaysian IPO
It appears that Axis Global Islamic REIT posponed its initial share sale aspiring at raising up to $650 million due to adverse market conditions.
The Shariah-compliant industrial real estate investment trust was targeting a mid-August listing, after it posponed an earlier-planned July debut on Malaysia's stock exchange.
One of the people familiar with the matter stated that the delay is because they want to see what happens in the U.S.
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