SPH considers forming a Reit for listing on Singapore Exchange
SINGAPORE Press Holdings (SPH) is exploring the establishment of a real estate investment trust (Reit), to be listed on the Singapore Exchange (SGX) mainboard.
The firm said in a statement on the SGX website on Sunday evening that the properties forming the portfolio of the Reit and the terms at which the properties will be injected into the Reit are still under review.
"The establishment of the Reit and the listing of the Reit on the SGX-ST will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained, and the execution of definitive agreements by the relevant parties," the firm added.
An announcement will be issued if there is any material development, SPH said.