Chinese retail mall owner Beijing Hualian Group BHG has launched pre-marketing for an initial public offering that could mark Singapore's first Real Estate Investment Trust Reit listing of the year.
DBS is sole sponsor for the IPO, which is being marketed under the name of BHG Retail Reit.
The bank has assigned a fair value of S$331 million to S$402 million $236 million to $287 million to the Reit, equating to a 2016 forecast price to book valuation of 0.84 to 1.03 times.
Pre-marketing will continue until November 10, with formal roadshows provisionally scheduled for November 16 to 20 and a...
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