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Reits managers upbeat despite IPO drought...coming in 2nd half year of 2015.
Manulife plans $450-million IPO of US assets in Singapore: sources - The Globe and Mail
Discovered on 21 May 2015 at 5:01 am
The Globe and Mail Manulife plans $450-million IPO of US assets in Singapore: The Globe and Mail Canada's Manulife Financial Corp is seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering worth $450-million, two people familiar with the deal said.
The listing would use the real ...Manulife Arm Plans Singapore Listing for US Office Assets. Wall Street Journal. Manulife planning IPO of U.S assets in Singapore.
Hin Leong Said to Mull Universal Terminal Sale After IPO Pulled - Bloomberg.
Bloomberg: Hin Leong Said to Mull Universal Terminal Sale After IPO Bloomberg Universal Terminal Pte's biggest shareholder is considering the sale of about a $500 million stake in the Singapore oil-storage provider after an initial public offering was pulled last year, people with knowledge of the matter said
Manulife plans $450-million IPO of US assets in Singapore: sources - The Globe and Mail
Discovered on 21 May 2015 at 5:01 am
The Globe and Mail Manulife plans $450-million IPO of US assets in Singapore: The Globe and Mail Canada's Manulife Financial Corp is seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering worth $450-million, two people familiar with the deal said.
The listing would use the real ...Manulife Arm Plans Singapore Listing for US Office Assets. Wall Street Journal. Manulife planning IPO of U.S assets in Singapore.
Hin Leong Said to Mull Universal Terminal Sale After IPO Pulled - Bloomberg.
Bloomberg: Hin Leong Said to Mull Universal Terminal Sale After IPO Bloomberg Universal Terminal Pte's biggest shareholder is considering the sale of about a $500 million stake in the Singapore oil-storage provider after an initial public offering was pulled last year, people with knowledge of the matter said
Website: www.kepinfratrust.com
Keppel Infrastructure Trust raises S$525 million in S' pore' s largest equity deal this year.
Keppel Infrastructure Fund Mgt. Trustee-Mgr of Keppel Infrastructure Trust (KIT) (formerly known as CitySpring Infrastructure Trust) is pleased to announce that it has raised S$525 million through a private placement and preferential offering to be conducted to finance the acquisition of a 51% stake in Keppel Merlimau Cogen Pte Ltd.
The private placement issue price has been fixed at S$0.52 per Placement Unit, being a discount of 6.15% to the adjusted volume-weighted average price(1), which excludes the special distribution of 1.05 cents per unit and the pre-equity fund raising stub distribution of 0.11 cents per unit, for which the private placement units are not eligible.
To reward existing unitholders and enable them to participate in the future growth of the trust, KIT will conduct a non-renounceable preferential offering under which existing unitholders will be entitled to subscribe to 1 new unit for every 13 units owned as at 28 May 2015 at 5.00 pm at a preferential offering price of S$0.515 per unit, which is at a discount to the private placement price.
This equity deal. It represents approximately 36% of KIT' s outstanding units before equity fund raising exercise.
The private placement attracted strong institutional interest from new and existing investors, and was more than 2 times subscribed. Long only institutional and corporate investors were allocated approximately 75% of the private placement.
Mr Khor Un-Hun, CEO of Keppel Infrastructure Fund Management, the Trustee-Manager of KIT, said, " We are deeply encouraged by the strong investor interest in our equity fund raising. The increase in free float and institutional unitholder base will help KIT enhance the liquidity of its units and its ability to raise additional capital to finance future growth opportunities."
Being the price of all trades on SGX-ST for the full market day on 19 May 2015 and on 20 May 2015 up until 9.33 am when it was halted for trading.
About Keppel Infrastructure Trust
Keppel Infrastructure Trust is a listed business trust that provides investors with the opportunity to invest in a large and well-diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment.
The Trust aims to provide long-term, regular and sustainable distributions to its Unitholders. For more information, please go to: www.kepinfratrust.com
- See more at: http://www.noodls.com/view/2FE7E74696398C0B6A126DA2227D9D0AA2FD1913?4392xxx1432221953#sthash.ygxddPSF.dpuf
May 21, 20159:35 PM
KEPPEL Infrastructure Fund Mgt (KIFM) will raise S$525 million through a private placement and a preferential offer to be conducted to fund the acquisition of a 51% stake in Keppel Merlimau Cogen.
KIFM is the trustee-manager of Keppel Infrastructure Trust (KIT), which was formerly known as CitySpring Infrastructure Trust.
The private placement issue price has been fixed at S$0.52 per placement unit, which represents a discount of 6.15% to the adjusted volume-weighted average price for trades on the full market day on May 19 and May 20 till that morning' s trading halt. The private placement attracted robust interest from new and existing institutional investors and was more than twice subscribed.
To reward existing unitholders and enable them to participate in the trust' s future growth, KIT will conduct a non-renounceable preferential offering.
Existing unitholders will be able to subscribe to one new unit for every 13 units owned at 5pm on May 28 for S$0.515 per unit.
This round of IPO-ing turn worst due to...." Market Sentiment" : none-bullish.
(Bullish or none-bullish business enviroment on it IPO' s listing).
For Investor, another stock, giving a good discount to mkt players to buy at cheaper play.
Point no-1) " IPO fever, do your financial homework 1st to avoid getting burnt." Ipo-ing at it weakest point.
LHN was again the first in 2015 to go diving and recover to near ipoed price of 0.23c before slipping again to closed lower.
LHN Last Done - 0.189 cents Volume changed hands - 790,000, down
-0.003c
http://www.sgx.com/wps/portal/sgxweb/home/company_disclosure/ipos/ipo_prospectus
http://infopub.sgx.com/FileOpen/(03a)%20LHN%20Offer%20Document%20(clean).ashx?App=IPO& FileID=4622
Placement of 73,913,000 Placement Shares at S$0.23 for each Share, payable in full on application.
we intend to recommend and distribute dividends of not less than 20.0% of our net profit after tax attributable to our shareholders for each of the financial years ending 30 September 2015 (&ldquo FY2015&rdquo ) and 30 September 2016 (&ldquo FY2016&rdquo ).
Manages 36 commercial, industrial and residential properties in Singapore, a commercial property in Indonesia and a residential property in Myanmar with a total NLA of over 4.0 million sq ft. The average occupancy rate of each property segment is over 90.0%.
Official List on Catalist Boaed will be on 13 April 2015.
1 April 2015, (immediately upon Registration) Open of Placement
9 April 2015, 12.00 noon (Close of Application List)
13 April 2015, 9.00 a.m. Commence trading on a &ldquo ready&rdquo basis
Sponsor, Issue Manager and Placement Agent - Primepartners Corporation Finance Pte Ltd.
Sub-Placement Agent - UOB Kay Hian Private Ltd
The Placement - Is for 73,913,000 Placement Shares offered in Singapore and the Listing is managed and sponsored by PPCF.
Prior to the Placement, there has been no public market for our Shares. The Placement Price is determined by us, in consultation with the Sponsor, Issue Manager, and Placement Agent as well as the Sub-Placement Agent, taking into account, inter alia, prevailing market conditions and the estimated market demand for the Placement Shares, determined through a book-building process.
The Placement Price is the same for all Placement Shares and is payable in full on application.
Pursuant to the Management Agreement entered into between us and PPCF, details of which are set out in the section entitled &ldquo General and Statutory Information &ndash Management and Placement Arrangements&rdquo of this Offer Document, our Company has appointed PPCF to manage and to act as full sponsor for the Listing. PPCF will receive a management fee for its services rendered in connection with the Placement.
The Placement Shares are made available to members of the public and institutional investors who may apply through their brokers or financial institutions by way of the Application Forms.
teeth53 ( Date: 02-Apr-2015 08:19) Posted:
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ok if u put it this way... maybe true oso... most of them are dumbs? :)
sh0rthere ( Date: 02-Apr-2015 08:48) Posted:
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because it' s easy to con retailers here! Look at those useless s chips!
sunwukong ( Date: 02-Apr-2015 08:36) Posted:
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stupid... its going to be useless choosing to list in sgx... the mgt should be smarter to list overseas instead!
teeth53 ( Date: 02-Apr-2015 08:19) Posted:
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http://www.channelnewsasia.com/mobile/business/singapore/lhn-group-to-launch-ipo/1761692.html
Singapore Exchange (SGX) has been relatively quiet this year, this monotony may soon be broken: Real estate management firm LHN Group will launch an initial public offering on Apr 13 making it the first listing locally, this quarter.
It lodged its prospectus on Wednesday (Apr 1).
LHN Group is in the business of making space more spacious. It secures master leases of properties, and with redesign, increases the net lettable area of those properties.
LHN Group also operates GreenHubs, or serviced offices where tenants lease space for work, but share facilities like meeting rooms, lounges and pantries. The value proposition here is that these GreenHubs are located near the city centre, but not in it, so rental rates are lower.
The real estate management company sees further potential not just in Singapore, but Indonesia, Thailand and Myanmar. It is listing on SGX?s Catalist board, with an eye to raising S$17 million to pursue expansion plans.
It is undeterred by the bourse's bearish run in the first quarter of 2015.
Said Mr Kelvin Lim, group managing director of LHN Group: ?There is no right or wrong time to list a company. Having a listed status, we can attract more talents to join us. We are also able to better represent ourselves overseas other than Singapore. And we are bullish about our growth and we are in the growth phase, so we feel that it is a good time."
LISTING ACTIVITY SHOULD PICK UP IN H2: RHB RESEARCH INSTITUTE
With activity on the Singapore bourse tepid, RHB Research Institute said companies eyeing a listing may take a wait-and-see approach. It believes activity should pick up in the second half of 2015, with offshore marine and property firms helping to drive a recovery.
Mr Terence Wong, executive director and head of research at RHB Research Institute Singapore, noted: ?There are companies that want to list and they are looking for quite a fair bit of money. They are afraid that the liquidity isn't around. So only when the liquidity returns, I think, would companies come back. I do believe that liquidity is the main source."
RHB said that if firms can get good valuations in a buoyant Singapore market, more listings can be expected. However, if the market remains weak, the Singapore bourse could see a bigger proportion of listings on the Catalist, versus the mainboard.
RHB said that familiarity with the local bourse also helps encourage Singapore-based firms to go public in the Republic. It added that smaller firms, especially, are unlikely to list elsewhere for fear of "getting lost" among more established players overseas.
Singapore Exchange (SGX) has been relatively quiet this year, this monotony may soon be broken: Real estate management firm LHN Group will launch an initial public offering on Apr 13 making it the first listing locally, this quarter.
It lodged its prospectus on Wednesday (Apr 1).
LHN Group is in the business of making space more spacious. It secures master leases of properties, and with redesign, increases the net lettable area of those properties.
LHN Group also operates GreenHubs, or serviced offices where tenants lease space for work, but share facilities like meeting rooms, lounges and pantries. The value proposition here is that these GreenHubs are located near the city centre, but not in it, so rental rates are lower.
The real estate management company sees further potential not just in Singapore, but Indonesia, Thailand and Myanmar. It is listing on SGX?s Catalist board, with an eye to raising S$17 million to pursue expansion plans.
It is undeterred by the bourse's bearish run in the first quarter of 2015.
Said Mr Kelvin Lim, group managing director of LHN Group: ?There is no right or wrong time to list a company. Having a listed status, we can attract more talents to join us. We are also able to better represent ourselves overseas other than Singapore. And we are bullish about our growth and we are in the growth phase, so we feel that it is a good time."
LISTING ACTIVITY SHOULD PICK UP IN H2: RHB RESEARCH INSTITUTE
With activity on the Singapore bourse tepid, RHB Research Institute said companies eyeing a listing may take a wait-and-see approach. It believes activity should pick up in the second half of 2015, with offshore marine and property firms helping to drive a recovery.
Mr Terence Wong, executive director and head of research at RHB Research Institute Singapore, noted: ?There are companies that want to list and they are looking for quite a fair bit of money. They are afraid that the liquidity isn't around. So only when the liquidity returns, I think, would companies come back. I do believe that liquidity is the main source."
RHB said that if firms can get good valuations in a buoyant Singapore market, more listings can be expected. However, if the market remains weak, the Singapore bourse could see a bigger proportion of listings on the Catalist, versus the mainboard.
RHB said that familiarity with the local bourse also helps encourage Singapore-based firms to go public in the Republic. It added that smaller firms, especially, are unlikely to list elsewhere for fear of "getting lost" among more established players overseas.
Sinarmas Land shares soar as talks restart on $411m IPO
www.pressreader.com/.../the.../TextView
Sinarmas Land shares soar as talks restart on $411m IPO ... by billionaire Eka Tjipta Widjaja revived talks on a US$300 million (S$411 million) initial public offering (IPO) of a unit.
Sinarmas Land is part of the unlisted Sinar Mas Group, whose interests include pulp and paper products, food and financial services.
www.pressreader.com/.../the.../TextView
Sinarmas Land shares soar as talks restart on $411m IPO ... by billionaire Eka Tjipta Widjaja revived talks on a US$300 million (S$411 million) initial public offering (IPO) of a unit.
Sinarmas Land is part of the unlisted Sinar Mas Group, whose interests include pulp and paper products, food and financial services.
| Keppel DC Reit |
  |
Cls-0.965 | 981,000 | 0.960 | 0.965 | 92,000 | Vol-105,000,000 | Op-0.980 | Hi-0.985 | Lo-0.945 |
Trade summary
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.945 | 197 | 4,247,000 | 4,247,000 | 0 | 0 |
| 0.950 | 638 | 13,098,000 | 8,983,000 | 632,000 | 3,483,000 |
| 0.955 | 997 | 13,941,000 | 10,483,000 | 0 | 3,458,000 |
| 0.960 | 743 | 11,685,000 | 8,654,000 | 0 | 3,031,000 |
| 0.965 | 1,021 | 13,169,000 | 4,352,000 | 0 | 8,817,000 |
| 0.970 | 645 | 9,159,000 | 6,750,000 | 875,000 | 1,534,000 |
| 0.975 | 559 | 10,653,000 | 5,077,000 | 0 | 5,576,000 |
| 0.980 | 616 | 24,670,000 | 19,759,000 | 1,116,000 | 3,795,000 |
| 0.985 | 163 | 4,378,000 | 969,000 | 33,000 | 3,376,000 |
| TOTAL | 5,579 | Vol-105,000,000 | 69,274,000 | 2,656,000 | 33,070,000 |
Too many REIT counters here. This one ipo price is at high side. May be overpriced? Is good to sell off to take profits first before bb dumping and run.. if price go above ipo price too much, then the dividends yield will not be good?
http://infopub.sgx.com/FileOpen/KEPPEL%20DC%20REIT%20-%20BALLOTING%20RESULTS%20-%2011%20DEC%2014.ashx?App=Announcement& FileID=327928
KEPPEL DC REIT - BALLOTING RESULTS - 11 DEC 14.pdf
Keppel DC REIT Management Pte. Ltd., as mgr of Keppel DC REIT, is pleased to announce that interest received for the Placement Tranche and applications received for the Public Offer as at the close of the Offering (as defined in the Prospectus) are as follows:
As at the close of the Public Offer at 12.00 noon on 10 December 2014.
(a) The Placement Tranche - Interest were received for approximately 5.1 bil Units, resulting Placement Tranche being approximately 24.4 times subscribed based on the 207,375,000 Units available under the Placement Tranche.
(b) The Public Offer - There were 7,024 valid applications for the 53,763,000 Units available to the public for subscription. In total, these applicants applied for 514,724,000 Units. Based on the aforesaid, the Public Offer was approximately 9.6 times subscribed.
Trading is expecting to commences on 2.00 p.m. on 12 Dec 2014.
teeth53 ( Date: 10-Dec-2014 07:27) Posted:
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iFast opened@S$0.995, 5% higher than its IPO price of S$0.95c.
It hit an intra-day low of S$0.975, and for most of the trading day, the counter hovered around S$1, before finally closing at S$1.01 with a volume of 15.25 million shares changing hands.
iFast - It parent company of consumer trading platform Fundsupermart.com and iFast Financial platforms.
teeth53 ( Date: 10-Dec-2014 21:26) Posted:
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iFAST Corporation, an Internet-based investment products distribution company, with assets under administration of some $5.13 billion as at end September 2014, and parent of Fundsupermart.com and iFAST Financial platforms.
Its initial public offering (IPO) was heavily taken up. Based on the total size of 32.8 million new shares, the offering was about 12.4 times subscribed.
Shares are expected to commence trading on mainboard on Dec 11 at 9 am.
See more at: http://www.straitstimes.com/news/business/companies/story/ifast-corps-ipo-124-times-taken-20141210#sthash.vftKJsBD.dpuf
teeth53 ( Date: 05-Dec-2014 08:11) Posted:
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A long term stock, on Keppel DC Reit, back by it parent, worthy to hold for dividend play.
Like two other Catalist most recently opened on it first trading day yesterday.
Huatong Global opened at 0.24c, up 20% on its initial ipo offered of 0.20c B4 it closed at 0.23 or up 15%.
Movie maker MM2 Asia went soft, opened at 0.275c, up 10% and stock closed of flat at 0.25c
moron101 ( Date: 09-Dec-2014 17:19) Posted:
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Anyone interested in upcoming Keppel DC Reit? .93 cents high or not?
It first day traded: Opening 0.25c n within 5 minutes trading, it hit 29c/29.5c B4 it closed end of the day. 0.25c
| UG Healthcare | Op-0.250 | Cls-0.250 | 0.000 | 0.0 | Vol-27,178,000 | 58,000 | 0.250 | 0.255 | 165,000 | Hi-0.300 | Lo-0.240 |
teeth53 ( Date: 02-Dec-2014 08:29) Posted:
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Speculation that MM2 may clear 40c, so if it open low like UG today, worth trying. Never know if Santa is giving out birthday surprise. better than getting burn by the other counters. Do your own due diligence and huat arh!