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UI Boustead REIT - Balloting Results

UIB REIT announced that its IPO was around 3.3x subscribed. This is commendable considering the volatile market conditions. The balloting table for the public offering is presented below. Everyone who applied receives some allocation.  The IPO will start trading on 12 March 2026 at 2pm. Happy IPOing.
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United Overseas Australia Limited

United Overseas Australia Limited is a property developer and property investment company based predominantly in Kuala Lumpur, Malaysia. (Why is it not called United Overseas Malaysia ?!?! The name is so misleading!).
2m Public Shares at $0.38
53m Placement shares at $0.38
Issue Manager: HL Bank.
I have not done any detailed analysis on this Company as i personally think the property cycle may be toppish. I will avoid this counter.
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