M&L Hospitality Trusts, which last year put its planned initial public offering in Singapore on hold due to subdued demand, is reviving its listing plans, the Dow Jones news agency reported, citing people with knowledge of the deal.
The property trust, which owns hotels in Singapore, Australia and Japan, is said to be considering an IPO to raise as much as US$500 million (S$635 million), the report said.
One of the people with knowledge of the deal said that Australia is one option among several, including Singapore.
M&L is open to a variety of IPO possibilities, a spokesman for a public relations firm that represents M&L told Dow Jones, adding that “M&L has been monitoring market activity globally with a view to explore possible listing”.
Source : Today – 11 Sep 2013