ApexHi maintains high trading volumes

Posted On Thursday, 03 June 2004 02:00 Published by eProp Commercial Property News
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ApexHi Properties Limited has continued to maintain high trading volumes, with more than 50% its units in issue trading in the nine months ended 31 March 2004.

Gerald LeissnerThe volumes of both A’s and B’s traded at similar levels, demonstrating the high level of tradability of units. 71 560 441 ApexHi A units were traded, while 72 041107 B units traded in the nine months.

“Liquidity is particularly important for ApexHi as it gives our vendors comfort when we purchase properties for a combination of cash and ApexHi units,” says ApexHi CEO Gerald Leissner.

“In addition, because of ApexHi’s unique structure and tradability, our shareholders may trade between units from time to time as market conditions and personal circumstances change,” he says.

ApexHi’s substantial growth since being launched has contributed towards the increase in liquidity. The portfolio has grown from R257 million when originally listed, to its current R2,8 billion.

Last modified on Tuesday, 13 May 2014 11:29

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