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Dasin Retail Trust prices IPO at 80 cents, to raise S$121 million

Public offering comprises retail tranche of 2m units and international placement tranche of 149.8m units

Published Fri, Jan 13, 2017 · 09:50 PM
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Singapore

DASIN Retail Trust, a business trust holding three shopping malls in Guangdong province, has priced its Singapore initial public offering (IPO) at 80 cents per unit, raising S$121 million in gross proceeds.

Its IPO prospectus was registered with the Monetary Authority of Singapore on Friday. The public offering consists of a retail tranche of two million units and an international placement tranche of 149.8 million units.

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