KUALA LUMPUR: Johor Corporation's (JCorp) real estate investment trust (REIT), Al-Salam, expects to raise RM252.36mil via its initial public offering (IPO).
JCorp President and Chief Executive Datuk Kamaruzzaman Abu Kassim said Al-Salam REIT aimed to double its asset value to about RM2 billion in the next two years from RM900mil currently.
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