Friday, Oct 3, 2014Friday, Oct 3, 2014
News
 

Mapletree trust listing to raise up to $1.68 billion

Published on Feb 15, 2013 1:38 PM
 
Mapletree Investments is seeking to raise between $1.59 billion and $1.68 billion from the initial public offering (IPO) of a real estate investment trust with commercial properties in Hong Kong and China. The trust's asset portfolio includes Festival Walk (pictured), a retail and office development in Hong Kong's Kowloon Tong, and Gateway Plaza, a Grade A office building located in the Lufthansa Area in Beijing. -- PHOTO: MAPLETREE INVESTMENTS

Mapletree Investments is seeking to raise between $1.59 billion and $1.68 billion from the initial public offering (IPO) of a real estate investment trust with commercial properties in Hong Kong and China.

A preliminary prospectus was lodged with the Monetary Authority of Singapore today for Mapletree Greater China Commercial Trust, the company said.

The trust will offer a total of 776.6 million units, at an expected price of between 88 cents and 93 cents per unit.

About two thirds of the units will be placed out to investors and another 50.3 million units will be reserved for subscription by the directors, management, employees and business associates of Mapletree Investments.

 
If you are not a subscriber, you can get instant, unlimited access here