Minimum public unitholding requirement mandates public offer and holding for SM REIT schemes; non compliance may prompt delisting. Each SM REIT scheme must offer, allot and maintain a prescribed proportion of its total outstanding units as public holding; failure to meet this minimum ... Summary
Minimum public unitholding requirement mandates public offer and holding for SM REIT schemes; non compliance may prompt delisting.
Each SM REIT scheme must offer, allot and maintain a prescribed proportion of its total outstanding units as public holding; failure to meet this minimum public unitholding empowers the Board and the designated stock exchange to take specified enforcement actions, including delisting of units under the relevant delisting provision.
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