CEReit's stabilising manager behind a third of volume since IPO

Singapore

THE stabilising manager for Cromwell European Reit (CEReit) has bought 27.89 million units from the open market since the trust's Nov 30 initial public offering (IPO), accounting for one third of the counter's trading volume since listing and helping to support its market price.

The latest round of purchases on Wednesday comprised 1.795 million units bought between 0.54 and 0.55 euro apiece, according to filings with the Singapore Exchange. Those units represented 58.4 per cent of the total units traded o…