Accra:IOI Properties Group Bhd's management is currently evaluating possible capital market initiatives, including a potential secondary listing on the Singapore Exchange (SGX). However, no formal proposal has yet been submitted to the board for consideration.

According to BERNAMA News Agency, remarks made by group CEO Datuk Lee Yeow Seng were in the context of the management's considerations regarding these initiatives. The information was initially reported in an article titled 'IOI Properties in talks for secondary listing on SGX', published by The Edge Malaysia and The Edge Singapore.

In a filing with Bursa Malaysia, IOI Properties stated that its management is committed to reviewing and assessing potential opportunities based on their strategic merits and benefits to the company and shareholders. This includes examining the advantages of accessing different jurisdictions for trading in the company's securities.

Any proposals that management recommends will be submitted to the board for approval and will adhere to applicable regulatory requirements. As of now, the potential secondary listing on SGX remains under evaluation, with no formal proposal made to the board. The company assured that it would announce any significant developments in compliance with Bursa Malaysia Securities Bhd's Main Market Listing Requirements.