KUALA LUMPUR: IOI Properties Group Bhd said its management is still evaluating potential capital market initiatives, including a secondary listing on the Singapore Exchange (SGX), with no formal proposal submitted to the board for consideration.
Clarifying the news article regarding the matter, it said the remarks attributed to group chief executive officer Datuk Lee Yeow Seng were made in the context of management's consideration.
The article, titled "IOI Properties in talks for secondary listing on SGX", was published by The Edge Malaysia and The Edge Singapore.
In a filing with Bursa Malaysia today, it said management would continue to review, assess and evaluate potential opportunities based on their strategic merits and potential benefits to the company and its shareholders, including access to different jurisdictions for trading in the company's securities.
