Reuters, 27 May 2013May 27 (Reuters) - Singapore Press Holdings Ltd (SPH) aims to make S$1.048 billion ($829 million) by selling part of a real estate investment trust (REIT) whose assets are two shopping malls, in what could be the city-state's third-biggest IPO this year.
The company plans to sell 30 percent of SPH REIT, giving investors part-ownership of the Paragon shopping mall in Singapore's prime Orchard shopping district and Clement Mall in a western suburb.
The two malls are valued at S$3.07 billion and the listing is scheduled for July. Full story
Related:
Singapore Press Plans to Raise S$540 Million in Retail REIT IPO - Bloomberg
Also read:
SPH’s purchase of Clementi Mall looks more like a bad buy than a good one - Investmentmoats.com
