Elite Commercial Reit

Elite Commercial Reit’s Singapore IPO to raise up to £131.2m

THE offer price for UK-focused Elite Commercial Reit's proposed Singapore initial public offering (IPO) has been set at £0.68 per unit. This will raise around £119.5 million (S$209.3 million) to £131.2 million, based on a total offering size of 175.7 million to 192.9 million units, according to a term sheet on Monday seen by The Business Times. The IPO's Singapore public offer will run from Jan 28...

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