Tianfang said to plan S$500m S'pore IPO for hotel trust
Singapore
TIANFANG Hospitality Management Pte is planning an initial public offering for a trust backed by three hotels in China that could raise about S$500 million, people with knowledge of the matter said.
The Singapore listing could take place as early as September, the sources said, asking not to be identified as the information is private. The real estate investment trust's portfolio consists of the Ritz-Carlton Hotel and Tianmu Hot Spring Resort Hotel in the northern city of Tianjin, as well as the InterContinental Sanya Haitang Bay Resort Hotel on tropical Hainan island, two of the sources said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Samsung says Q1 operating profits soar nearly tenfold on-year
Far East Hospitality Trust Q1 net property income rises 6% to S$25.1 million