The prospectus for this IPO is out. You can read it here. Many would have been very appealed by its Starhub like business and a really high yield.
The trust is seeking to pay a yield of 8.25%-9.0% in 2014.
Would I go for it. In a word no.
The main reasons are listed here
MIIF failed to sell APTT at higher prices
While the cornerstone investors look good especially George Soros Quantum fund, it should be said that to realize value, MIIF tried to sell TBC at a price better than book value.
There were no takers, so they say.
So if we buy in now, we are being the contrarian with something most investors do not want.
Pre IPO Financial Statements
For those that are interested in how it was operating before IPO can turn to page ...
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