Paradigm-REIT inks underwriting agreement for Main Market IPO

Selena Chua Kah Noi, CEO of Paradigm REIT Management, with Michael Oh-Lau, CEO of Maybank Investment Bank, at the signing ceremony of the underwriting agreement

PETALING JAYA: Paradigm Real Estate Investment Trust (Paradigm-REIT) has signed an underwriting agreement with Maybank Investment Bank Bhd (Maybank IB), CGS International Securities Malaysia Sdn Bhd, and AmInvestment Bank Bhd for its listing on the Main Market.

In a statement, Paradigm-REIT said that while Maybank IB is the principal adviser, lead bookrunner, and sole managing underwriter for the initial public offering (IPO), CGS International and AmInvestment will act as joint bookrunners and joint underwriters. No timeline has been announced for the IPO, at this juncture.