SPH REIT ("SPH REIT" or the "Company") lodged its preliminary prospectus with MAS. The draft prospectus is here. SPH is offering 83.982m units for the public offering and 224.902m for the placement tranche. The price for book building is from $0.85 to $0.90. There will be an over-allotment option of up to 55.988m units. The market cap will be around $3.101 billion.
According to the term sheet i received from my broker, the tentative time table is as follows:
Institutional book building: 10-16 July
Pricing and allocation: 17 July pm
Singapore public offer: 17-22 July (12pm)
Listing: 24 July
The joint book runners are OCBC, Credit Suisee and DBS.
Principal business
Invest in a portfolio of income producing retail properties in Asia Pacific.
Initial Portfolio
1. A 99-year leasehold property in Paragon Mall. (note that the property is actually freehold but after 99 years, ...