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EC World Reit prices IPO at 81 cents apiece

Annualised yield projected at 7.1% for the six months to Dec 31 this year

Mr Zhang said the Reit listing marks the start of asset securitisation for sponsor Forchn Group.


EC World Reit has priced its initial public offering (IPO) at 81 Singapore cents per unit - the higher end of its indicative range. This translates to an annualised yield of 7.1 per cent for the forecast period of six months to Dec 31 this year and 7.3 per cent for the...

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