OUE C-Reit will be launching its IPO at a price of $0.80 per share based on the preliminary prospectus lodged with the Monetary Authority of Singapore (MAS). OUE Reit will comprise two properties: the OUE Bayfront property (which include the OUE Bayfront property, the OUE tower and the OUE link) in Singapore and also the Lippo Plaza property in Shanghai, China. I really think that there are too many Reits in the Singapore stocks markets. Not only do we have more and more Reits listed in Singapore, I think we are having more and more companies spin off their assets as various forms of Reits. Take for example, F&N: F&N now has its own Reits after spinning off; SPH has also its own Reits and for OUE, OUE C-Reit is not the only Reit under OUE; OUE Hospitality Reits was the first Reit under OUE.
I always thought that ......
