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of <h1>REITs Must List Units on Exchange Within 12 Days; Refund with Interest if Not Listed; Follow Trading Rules</h1> After the initial offer, all Real Estate Investment Trust (REIT) units must be listed on a recognized stock exchange within twelve working days. Listing follows an agreement with the exchange, and if listing permission is not received, the REIT must refund subscription monies with interest. Listed units are traded according to stock exchange rules, with a trading lot consisting of one unit. Units can be redeemed via buy-back or delisting. Minimum public holding requirements must be met, with breaches rectified within six months or face delisting. Pre-offer unit holders must retain units for at least one year post-listing. Additional requirements may be issued by the Board or exchanges.
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