Invest
OUE Hospitality Trust Preview
By Mr. IPO  •  July 12, 2013

OUE Hospitality Trust ("OUE HT" or the "Trust") is offering a stapled unit of OUE H-REIT and OUE H-BT. The principal objective of the trust is to deliver regular and stable distributions to the holders. The preliminary prospectus can be found here.

The book building range is between $0.88 to $0.90 and the offer is for 681.818m units of which cornerstone will take 247.22m units, placement of 383.462m units and public offering of 51.136m units. The sponsor will still retain a 42.7% if all the green shoe option is exercised. (Not sure why need to book build such a small 'range'?!) There will be an over-allotment option of up to 68.182m units.

The tentative time table is as follows:
Bookbuilding: 10 Jul - 17 Jul
Public offer: 18 Jul - 23 Jul
Listing: 25 Jul

Initial Portfolio

The initial portfolio will ...
...
Read the full article
By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance