EC World REIT is offering 188,125,600 Units at S$0.81 per Unit where 7.5m units will be made available to the Public while the rest are placed out. In addition to the offering, EC World raised another S$194m through the issuance of Cornerstone Units to Bank of Communications, Fosun International and China Cinda Asset Management. EC World can also over-allot another 31.1m of Units for this offering in the event of high demand. The Sponsor is Forchn Holdings Group Co., Ltd and the IPO will close on 26 July 2016 at 12pm. The market cap based on the IPO price is $1,305.7 million. EC World is established with the investment strategy of investing in income producing real estate used for e-commerce, supply chain management and logistics purposes with an initial focus in China (or more specifically Hangzhou). Initial Portfolio   The initial portfolio comprises 6 properties ...