Dasin Retail Trust *Official* CEDU (SGX)

[Wood41]

http://smr.theedgemarkets.com/artic...ail&utm_term=0_46b7beec93-991cc73ca3-87424977

 

[htc_user]

http://smr.theedgemarkets.com/artic...ail&utm_term=0_46b7beec93-991cc73ca3-87424977

Seems quiet on this ?

 

[Asphodeli]

got potential since they got ROFR to malls in Macau, but must see the offering document for details.

Would not buy if they price it 1x NAV, maybe 0.9 or 0.8 NAV.

 

[Weaboo]

Tiong retail reit.... follow steps of bmgu?

 

[Genosis]

Wa.....DBS wun wun jiak fees!

 

[MrSinkie95]

mr ipo 1 chilli sio

 

[Weaboo]

Tiong reit ma like bmgu

mr ipo 1 chilli sio

 

[Perisher]

Wah, Sinkie never post ipo!

 

[MyInvestmentMachine]

offer price is 21% discount from NAV ... hmmm

 

[Average]

crct is trading at huge discount to nav too ... arnd 0.7 P/nav ratio

edit: sgxcafe shows 0.91

Sent from 穷小子 using GAGT

 

[dexboi]

Da'SINK IPO!

 

[homedriver]

So is buy call?

 

[sherman1213]

skipping this ipo
if really buy, will buy magic or crct

 

[starfish.starfish]

Wah, Sinkie never post ipo!

Tot he wash hand in gold basin liao

 

[Average]

can check mr ipo blog

Sent from 穷小子 using GAGT

 

[Wood41]

Buy or bye ?
Boycott because of Terrex ?

 

[seetohjwj]

Can buy and huat on first day? Boycott tiong

 

[Shion]

Dasin Retail Trust’s public offer 7.6 times subscribed

Dasin Retail Trust’s public offer 7.6 times subscribed

http://www.theedgemarkets.com.sg/sg/article/dasin-retail-trust’s-public-offer-76-times-subscribed

SINGAPORE (Jan 19): The trustee-manager of Dasin Retail Trust says the public and placement tranches of its Initial Public Offering was “over-subscribed” based on the indication of interest received.

Dasin is selling a total of 151.8 million units at 80 cents each to raise $121 million.

This consisted of an international placement tranche of 149.8 million units for institutional and other investors in Singapore and a public tranche of 2 million shares.

The trustee-manager said 734 valid applications for 15.3 million units were received at the close of the public offer at 12 noon on Wednesday.

“Based on the 2 million units available to the public for subscription, the public offer was approximately 7.6 times subscribed,” says the manager in a filing.

Joint bookrunners DBS Bank has over-allotted an additional 9.3 million units, all of which were allocated to applicants under the placement tranche.

Dasin will begin trading at 2pm tomorrow.

The trust’s initial portfolio comprises three malls in Zhongshan City. These are Xiaolan Metro Mall, Ocean Metro Mall and the Dasin E-Colour mall. Valued at 4.6 billion yuan ($952.5 million) as of June 30, the three malls have a total gross floor area of about 314,884.9 sqm.

The market capitalisation of the trust is expected to be $440 million.

 

[Minx99]

Buy or bye ?
Boycott because of Terrex ?

Great idea

 

[Asphodeli]

Doesn't look good, will look again when PB is 0.6

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