Issuer: Dynasty REIT - first RMB denominated REIT on SGX
Sponsor: ARA Asset Management Ltd
Issue size: 893,872,000 to 901,292,000 shares
Distribution Yield 2013E :7.0% to 7.2%
Price range (based on RMB5.115 = SGD1.00) : RMB4.40 (SGD0.86) - RMB4.70 (SGD0.92)
Expected Allocation: 24 Oct
Expected Listing Date : 30 Oct
Preliminary prospectus is
here.
I received the above from my broker today. It always gives me "bad feeling" when Li Ka-Shing wants to cash out of the market. You can see that he always cash out at the market top. You can see it in Suntec, you can see it in Hutchison Port and you can see it in
Hui Xian REIT. Sounds similar to the
Ding Xie effect which i was talking about? hahaha
Dynasty REIT is established with the investment strategy of investing in income producing assets in PRC that ......
Li Ka-Shing always want to cash out of the market with a high price of his stock. This man is merciless, my opinion. He will squeeze as much as he can out of investors and give
a high valuation on his stocks for Ipo. I lost a lot of money on HPH
Ipo @ USD1.01. Today, still licking the wound..
I totally agree with your comments. Beware before jumping into LKS counter.
Regards.
-Tay Beng Swee-