Perennial ends at S$1.04 in mainboard debut trading
S$1.05 opening values it at S$1.2b
Singapore
PERENNIAL Real Estate Holdings Limited closed its debut trading on the Singapore Exchange mainboard on Friday at S$1.04, after an opening price of S$1.05 which gave it a market capitalisation of S$1.2 billion.
Its new status followed a reverse takeover deal involving Catalist-listed night-spot operator St James Holdings and the acquisition of all the units in Perennial China Retail Trust (PCRT). With the acquisition, Perennial Real Estate is now a commercial property developer with large-scale mixed-use integrated developments in China, two of which are the largest high-speed railway commercial hubs in the country. Its properties in Singapore include Capitol Singapore, Chijmes and TripleOne Somerset. In China, its projects include the Chengdu East High Speed Railway…
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