The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Elite Commercial Reit closes up 4.4% at £0.71 on trading debut

Offer price of £0.68 a unit translates to forecast distribution yield of 7.1% for 2020 and 7.2% for 2021

Published Thu, Feb 6, 2020 · 09:50 PM
Share this article.

Singapore

UNITS of Elite Commercial Reit got off trading on the front foot on Thursday, in the Singapore bourse's first mainboard debut of the year.

The Reit's counter started trading at 2pm on Thursday at £0.705, 3.7 per cent higher than the initial public offering (IPO) price of £0.68 per unit. Prices gained steadily to eventually finish at £0.71, up 4.4 per cent on the IPO price.

It is the first real est…

KEYWORDS IN THIS ARTICLE

IPO
SGX
UK property

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here