Market news —
UI Boustead Reit lodges IPO prospectus, raising S$1.2 billion at S$0.88 per unit
UI Boustead Real Estate Investment Trust (Reit) lodged an initial public offering (IPO) prospectus on Thursday (Feb 26), as it seeks to raise S$1.2 billion at S$0.88 per unit....read more on The Business Times
Cornerstone investors in the Reit include Amova Asset Management, AMundi, JP Morgan Asset Management and Jumbo Group. Other notable names include Lian Beng chairman Ong Pang Aik and Boustead CEO Wong Fong Fui.