Chinese cornerstones aid BHG Retail Reit IPO

Singapore Reit follows the example of recent Hong Kong IPOs by locking its prospective flotation away with cornerstone investors.

Chinese cornerstones aid BHG Retail Reit IPO
Is BHG creating a buzz?

Beijing Hualian Group BHG has launched roadshows and bookbuilding for a Singapore Reit initial public offering a few days later than scheduled after spending additional time pinning down cornerstone investors.

The Chinese retail mall owner has followed the example set by many recent Hong Kong IPOs and locked much of its prospective flotation away with cornerstone investors from the mainland. 

It is probably a sensible strategy given the difficult market...

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