- IPO to raise up to S$1.68 billion to purchase 2 China-based commercial property assets from Mapletree Investments
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- The biggest IPO of 2013 and the biggest trust IPO since Hutchinson Port Holdings Trust that raised US$5.5 billion in 2011
- Assets are Greater China-based
- Strong brand name in Singapore with experience in office, logistics, industrial, residential and retail properties
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- 45 assets in Singapore
- 20 assets in China
- 9 assets in Hong Kong
- 32 assets in Japan, India, South Korea, Malaysia and Vietnam
- 23 commercial-linked properties
- Figures and numerics
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- raising up ...
First of many IPOs this year we hope. After a couple of months without a large IPO, the IPO market in Singapore looks set to heat up again with the proposed listing of Mapletree Investment's Mapletree Greater China Commercial Trust. In fact, it is the largest IPO in 2 years.
Summary of offering