Forchn sets terms for $280m S-Reit IPO

The Chinese company is finalising its plans to list some of its logistics and e-commerce properties through a Singapore Reit listing.

Shanghai-headquartered Forchn Holdings hopes to raise as much as $280 million with its planned S-Reit listing but the free-float is likely to be on the small side, according to the initial terms published Friday.

Interest in the EC World Reit initial public offering, which will backed by six Chinese logistic assets and is vying to be Singapore's third new real estate investment trust this year, is likely to have received a fillip as a result of last month's Brexit vote, bankers believe.

Forchn's senior management will be more confident about getting the deal done after Britain voted to leave the European Union because global investors...

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