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NEW IPO

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

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...