Sasseur Reit debuts on SGX mainboard at S$0.805

Singapore

CHINA outlet mall operator Sasseur Real Estate Investment Trust on Wednesday made its first appearance on the Singapore bourse - opening at S$0.805 per unit, marginally above its initial public offering (IPO) price of S$0.80.

In a filing to the Singapore Exchange (SGX), Sasseur Asset Management, the manager of Sasseur Reit, announced that 1.18 billion units in the trust currently in issue and held by Sasseur Cayman Holding II (Cayman Holdco) were listed on SGX's mainboard.