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.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media