SPH Reits makes debut on Singapore Exchange
The New Paper
Saturday, Jul 27, 2013
SINGAPORE - SPH Reit, the retail real estate investment trust spun off from Singapore Press Holdings, made its debut on the Singapore Exchange (SGX) on Wednesday.
It closed at 98.5 cents, higher than its offer price of 90 cents, and featured among the day's top volume stocks, with nearly 122,000 units changing hands.
The Reit's portfolio comprises two shopping malls, Paragon and Clementi Mall. With an estimated market capitalisation of $2.2 billion, SPH Reit brings the total number of SGX REITs and Property Trusts to 33, with a combined market capitalisation of $60 billion.
