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Sasseur Reit offers public tranche of 13.8m units at S$0.80 apiece

Its S$396m IPO this month is the biggest Singapore equity offering so far this year

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Mr Ang (left): "Chinese middle-class consumers prefer higher-quality branded goods at reasonable prices." Mr Xu (right) believes the malls' "super outlet" strategy will pay off in the long-term.

Singapore

SASSEUR Reit is offering 266.6 million units at 80 Singapore cents each in the first initial public offering (IPO) of a real estate investment trust (Reit) this year in Singapore.

This comprises 252.8 million placement shares and a public tranche of 13.8 million,

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