Malaysia REIT IPO is delayed as damaged assets are removed

04/22/2011 | Reuters

Malaysia's Axis Global Industrial real estate investment trust has postponed its listing by about a month. Two of its assets in Japan were damaged by last month's earthquake, according to a source, and had to be removed from the asset composition. The properties are relatively small, however, and their removal is not expected to significantly affect the size of the IPO, the source said.

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