砂之船 Sasseur REIT (“Sasseur” or the “REIT”) touted itself as the first outlet mall REIT to be listed in Asia. Sassuer is offering 266.562,500 units for the IPO at $0.80 per unit. The public offering comprises 13.75m units with the balance being distributed via an international placement. Investors can use CPF to invest in the units and the stablisation manager can over-allot up to 32m units for post-market stablisation purpose.

The IPO will close this coming Monday on 26 March 2018 at 12pm.

Sponsor Group
 
The Sponsor is a leading privately-owned outlet mall operator in China and currently manages and operates 9 outlet malls. The Sponsor was founded in 1989 by Mr. Xu Rongcan and has two strategic investors – L Catterton Asia and Pingan Real Estate.
Sponsor’s “Unique” Strategy
The Sponsor adopts a super outlet strategy which integrates destination shopping with other lifestyle and interest options such as sports, children etc to provide a one-stop experience as shown below …