IPO

Sino Construction says IPO fully taken up despite weak market sentiment

Sino Construction has raised nearly S$60 million from its initial public offering (IPO). The company said the IPO has been fully taken up, despite the current weak market sentiment. Guoco Group was among the major investors. Sino Construction had offered about 153 million shares at 39 Singapore cents each. Of these, more than 6 million shares were set aside for the public. Sino Construction plans to use...

Mapletree to handle JTC Reit

Expected to list on SGX by middle of the year. More than a year since its decision to divest its industrial properties, JTC corporation - Singapore’s biggest industrial landlord - has appointed Mapletree Investments to establish and manage a real estate investment trust (Reit). The Reit is expected to list on the Singapore Exchange by the middle of the year, subject to market conditions, said...

Parkway Reit debuts below offer price

One of the biggest initial public offerings (IPO) this year made a disappointing debut yesterday – a casualty of the uncertainties afflicting financial markets. Despite a generally upbeat stock market, Parkway Life Real Estate Investment Trust (Reit) opened trading in the afternoon session at $1.27, a cent below the offer price of $1.28, and steadily fell before ending at $1.19 a unit. Ms Daphne Roth,...

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