Corporate digest
Dasin Retail Trust
THE public offer for Dasin Retail Trust's initial public offering (IPO) was subscribed by about 7.6 times. The firm will start trading on Singapore Exchange (SGX) at 2pm on Jan 20.
The business trust, which holds three shopping malls in China's Guangdong province, is the first mainboard listing on SGX this year. The IPO consisted of an international placement of some 149.77 million units to investors and two million units to the public in Singapore. The placement tranche was oversubscribed according to the indications of interest received, it said. Meanwhile, the public offer received 734 valid acceptances for about 15.27 million units at the close of the public offer. At an IPO price of 80 Singapore cents per unit, it raised some S$121 million in gross proceeds.
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