Balwin Properties has announced its secondary listing on A2X with effect from the 28th of February 2023.
The first specialist residential property developer to list on A2X, it is the 10th company from SA’s property sector alongside Attacq Limited, Equites Property Fund, Fairvest Limited, Growthpoint Properties, Hyprop, MAS, NEPI Rockcastle, SA Corporate Real Estate and Stor-Age REIT to list on the licensed stock exchange.
Balwin will retain its primary listing on the JSE and its issued share capital will not be affected by its secondary listing on A2X. There is no cost nor additional regulatory compliance for Balwin as a result of the secondary listing.
“We are pleased to be complementing Balwin’s existing listing on the JSE with a secondary listing on A2X. This listing offers investors greater access to our shares and could potentially attract new investors through lower trading costs offered on the A2X platform,” commented Balwin CEO, Steve Brookes.
Balwin’s listing will bring the number of instruments listed on A2X to 95, with a combined market capitalisation of R6.7 trillion.