Feb 15 2013, 06:24 PM
QUOTE(davinz18 @ Feb 15 2013, 04:43 PM)
Temasek Unit Targets $1.36 Billion in REIT IPO
Singaporean property developer Mapletree Investments Pte. plans to raise up to 1.68 billion Singapore dollars ($1.36 billion) by listing a China-focused real-estate investment trust in Singapore, in what would be city-state's largest initial public offering in two years.
The planned flotation of Mapletree Greater China Commercial Trust would be Singapore's largest since Hutchison Port Holdings Trust raised US$5.5 billion in March 2011. It will also be Singapore's biggest-ever REIT offering, topping Mapletree Commercial Trust's S$949.5 million IPO in April 2011 and strengthening the city-state's position as a regional hub for REIT listings.
Mapletree Investments' China-focused REIT plans to sell at least 776.6 million units to institutional and retail investors at an indicative price range of S$0.88-S$0.93 each, according to a preliminary prospectus filed Friday with Singapore's central bank. The number of units available to such investors could rise to 856.5 million if an over-allotment option is exercised to meet strong demand, the prospectus said.
Cornerstone investors—among them Norges Bank Investment Management and units of AIA Group, CBRE Group, Henderson Global Investors and Morgan Stanley—have already agreed to take up about 953.5 million units, the prospectus showed.
Mapletree Investments, the real-estate arm of Singaporean state investment company Temasek Holdings Pte., would take up 851.7 million-931.6 million units, depending on whether the over-allotment option is exercised.
Mapletree Greater China Commercial Trust—which would be Mapletree Investments' fourth REIT—plans to list on the Singapore Exchange on March 7, the prospectus said. It will take orders from institutional buyers beginning Monday, before opening its offering to retail investors on Feb. 28.
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link to the PRELIMINARY PROSPECTUSSingaporean property developer Mapletree Investments Pte. plans to raise up to 1.68 billion Singapore dollars ($1.36 billion) by listing a China-focused real-estate investment trust in Singapore, in what would be city-state's largest initial public offering in two years.
The planned flotation of Mapletree Greater China Commercial Trust would be Singapore's largest since Hutchison Port Holdings Trust raised US$5.5 billion in March 2011. It will also be Singapore's biggest-ever REIT offering, topping Mapletree Commercial Trust's S$949.5 million IPO in April 2011 and strengthening the city-state's position as a regional hub for REIT listings.
Mapletree Investments' China-focused REIT plans to sell at least 776.6 million units to institutional and retail investors at an indicative price range of S$0.88-S$0.93 each, according to a preliminary prospectus filed Friday with Singapore's central bank. The number of units available to such investors could rise to 856.5 million if an over-allotment option is exercised to meet strong demand, the prospectus said.
Cornerstone investors—among them Norges Bank Investment Management and units of AIA Group, CBRE Group, Henderson Global Investors and Morgan Stanley—have already agreed to take up about 953.5 million units, the prospectus showed.
Mapletree Investments, the real-estate arm of Singaporean state investment company Temasek Holdings Pte., would take up 851.7 million-931.6 million units, depending on whether the over-allotment option is exercised.
Mapletree Greater China Commercial Trust—which would be Mapletree Investments' fourth REIT—plans to list on the Singapore Exchange on March 7, the prospectus said. It will take orders from institutional buyers beginning Monday, before opening its offering to retail investors on Feb. 28.
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mistake. Lesson learn going forward. Happy investing
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BR1M. 
You are rich apek , 
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