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HOCK LOCK SIEW

BHG Reit's 'engineered' IPO unnerves investors

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BHG Retail Reit (a pure China retail real estate investment trust) is set to become the lone Singapore Exchange (SGX) Mainboard listing this year.

THE biggest gripe investors have with the latest mainboard aspirant, BHG Retail Reit, is its low distribution yield and use of a sponsor waiver - a kind of financial engineering - to artificially inflate the yield to a more palatable level.

BHG Retail Reit (a pure China retail real estate

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