OUE Commercial Reit launches IPO, plans to raise $346.4m
Published on Jan 17, 2014 2:59 PM
The commercial property trust of real estate group Overseas Union Enterprise will make its trading debut on the Singapore Exchange (SGX) on Jan 27.
OUE Commercial Real Estate Investment Trust (OUE C-Reit) is the first initial public offering (IPO) to be listed on the SGX mainboard this year.
It will offer 208 million units, comprising 56.25 million units that will be made available the public and 151.75 million units under the placement tranche.
The offering price of each unit is 80 cents.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!