by: Tam Ging Wien
– High Yielding Mature REIT
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Update [2017-09-19]: A new article published on the The Straits Times entitled Cromwell REIT cuts IPO size and increases the sponsor’s stake which reports that an updated preliminary prospectus was lodged on MAS Opera on Monday (18-Sep) indicating that Cromwell had cut their offer from 1.58bil to 1.3bil but the offer price remains unchanged.
This will increase Cromwell’s stake to 25.9% from 12.7%. This gives Cromwell a greater alignment with unitholders but still lower than