OUE Commercial Reit on Wednesday unveiled a distribution reinvestment plan (DRP), through which unitholders of OUE C-Reit may choose to receive distributions in the form of fully-paid new units, instead of cash. This will enable unitholders to increase their unitholdings without incurring brokerage fees, stamp duties or other related costs, said the Reit. The new plan will also enlarge OUE C-Reit's...
OUE Commercial REIT
OUE Commercial REIT is set to be the first major initial public offering (IPO) in Singapore this year. It will also be the first among a slew of trust listings -- including the ones planned by Korea's Lotte Shopping and Keppel's data centre unit -- that's headed for the Singapore bourse. Overseas Union Enterprise (OUE) has started taking orders for its S$400 million REIT listing. The IPO is priced...