Dynasty REIT

Dynasty REIT’s planned IPO in Singapore suspended

Dynasty REIT's planned initial public offering (IPO) in Singapore has been suspended. ARA Asset Management, the sponsor of the real estate investment trust (REIT), said the S$1 billion (5.41 billion yuan) IPO would not proceed due to worsening market conditions. According to ARA, there has been a marked change in investor sentiment given the after market performance of several IPOs. Fund managers...

Commercial assets in China to drive Dynasty REIT’s growth

Soon-to-be listed Dynasty REIT says it expects to benefit from the granting this month of Singapore banking licences to two Chinese lenders. Dynasty is Singapore's first real estate investment trust to be denominated in the Chinese currency (CNY). It is set to go public next Tuesday in what may be the country's biggest IPO this year. Dynasty REIT aims to raise between S$981.3 million and S$1 billion...

Dynasty REIT: S$1b target for S’pore’s first yuan IPO

Dynasty Real Estate Investment Trust (REIT) opens its yuan-denominated initial public offering today in Singapore's first flotation to be sold in the Chinese currency, seeking to raise up to 5.4 billion yuan or S$1 billion in what is set to be the largest new share sale here this year. Units in the trust, backed by Hong Kong billionaire Li Ka-shing and sponsored by ARA Asset Management, will be tradeable...

Li Ka-shing-backed firm to launch Singapore’s first yuan IPO

A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced Wednesday it hopes to raise around US$800 million in a yuan-denominated initial public offering in Singapore. The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China. Dynasty REIT, which is sponsored by real estate fund manager ARA Asset...

ARA gets SGX approval to list yuan-denominated REIT

Real estate management firm ARA Asset Management (ARA) has received approval from the Singapore Exchange (SGX) to list a yuan-denominated real estate investment trust (REIT) in the city state. The Dynasty Real Estate Investment Trust (Dynasty REIT) will be the first share sale in Singapore to be denominated in the Chinese currency. It will also be the second initial public offering (IPO) denominated in...

Compare listings

Compare