M&L Hospitality Trusts scraps Singapore IPO

The hotel-focused trust was aiming to raise at least $339 million, but chooses to pull the offering after being unhappy with the demand.

M&L Hospitality Trusts scraps Singapore IPO
The 630-room Four Points by Sheraton (immediately behind the heritage corn exchange building) is Sydney’s largest hotel

ML Hospitality Trusts ML Trusts told investors on Friday that it has decided not to proceed with its initial public offering in Singapore due to disappointing demand. The trust was set to own six hotels in Singapore, Australia and Japan at the time of listing and was looking to raise between S$425.8 million and S$463 million $339 million to $369 million, which would have made it the largest IPO in Singapore in almost a year....

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