CHICAGO--(BUSINESS WIRE)--General Growth Properties, Inc. (GGP) announced that shares of its common stock will resume trading today on the New York Stock Exchange (NYSE) under the ticker symbol "GGP."
"We are very pleased to again be listed on the world's largest and most liquid trading market," said Adam Metz, Chief Executive Officer of GGP. "Today's listing culminates a successful week for GGP stakeholders during which we also received an important extension of the time we have to exclusively propose a plan for the company to emerge from bankruptcy. We are committed to using the time to continue to explore alternatives in order to provide fair value for our stakeholders.”
In conjunction with today’s NYSE listing, GGP stock has concurrently ceased trading in the over-the-counter Pink Sheet markets, where it used the ticker symbol “GGWPQ.” The seamless transition to the NYSE requires no action on the part of shareholders.
GGP currently has ownership interest in, or management responsibility for, over 200 regional shopping malls in 43 states, as well as ownership in planned community developments and commercial office buildings. The company’s portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide. The Company’s common stock is to be traded on the New York Stock Exchange under the symbol GGP.