Perennial gets restructured IPO across the line

Perennial China Retail Trust, which focuses on the development and operation of shopping malls in China, raises $627 million from Singapore offering.

Perennial China Retail Trust (PCRT) has raised S$776 million ($627 million) from its initial public offering, including S$20 million that it got from selling units to its ultimate sponsor, Singapore retail real estate veteran Pua Seck Guan. The trust will start trading in Singapore on June 9.

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