Right,... I'll quote a personal experience here. I used to hold a business trust called Cityspring. It IPO'ed with a large percentage held by the investment arm of the Sgp Govern't called Temasek.

Bought a few assets, and the last one it bought was an undersea cable facility linking the south of Vicyoria with Tasmania. After that acquisition, everything went downhill.

They held seminars, saying repeatedly to publications that Temasek held substantial stakes in the trust, blah, bah, blah,.. but thing did not work out and the prices dipped all the way down (after I divested). I certainly did not buy the CFO's story (his name was Tong,... something) after I saw him talking to investors in one of the seminars.

People were still holding,... based on the fact that Temasek was the majority shareholder. But still : things did not work out.

Another eg I could quote is Global Investments. Temasek bought a stake in it after Babcock and Brown did not manage to make this work. But how is the counter today ?? Not that good too.

Lippo Group plans to shift two real estate investment trusts (REITs) with 35 trillion rupiah ($2.6 billion) in assets from Singapore to Indonesia next year in order to benefit from new tax breaks offered by Jakarta.

Lippo's move could be followed by at least two other property companies in Indonesia that say they are exploring spinning off assets worth hundreds of millions of dollars into REITs, potentially creating a REIT market that could rival Singapore's if Jakarta executes its policy pledges.

Its two Singapore-listed REITs are Lippo Malls Indonesia Retail Trust and First Real Estate Investment Trust.

Tq nexona,... this is news indeed. I wonder what the mechanism for the 'shift' would be. Is it to delist from the SGX followed by an IPO in the Jakarta Stock Exchange (JSE) ? Then the currency of holding will shift from the SGD to the Indonesian Rupiah...

If dual listing, then the hospital properties will be divided among the two REITs. DPU will be divided out... Either way, it 's not very good news for unitholders.

Procurri Corporation is selling 68.9 million new shares at 56 cents each for its IPO listing on the Mainboard of the Singapore Exchange, representing 24.6% of Procurri’s post-invitation share capital. Of these, 62 million shares will be sold to private investors while the rest will be sold to the public.

System down. Just like Malaysian government departments 

The company has lodged its preliminary prospectus on Sept 28, which has indicated an assumed offering price of S$1.73.

Barely five years old, the company, has quickly expanded beyond Singapore via a string of acquisitions into Indonesia, Australia, Hong Kong and China.

INDONESIA - that word scares me.

reminds me of not-so-long-ago fret's riardy - one comment "we may move to jakarta exchange" cause the stock to tumble 20%. and no one need to answer for such irresponsible statements, not even sgx.

u wonder if that was some form of insider trading - to bring down the price and buy it up yrself.