30 May '11, 3am

Singapore Daily Bulletin – 30/05/11: Citing potentially more rewarding returns for investors, Perennial China Re...

Perennial China Retail Trust To List On SGX at 70 cents Apiece Citing potentially more rewarding returns for investors, Perennial China Retail Trust (PCRT) has confirmed that units will be priced at 70 cents each, significantly lower than the $1 per unit which it had planned previously. Earlier IPO plans were shelved due to concerns of slow growth in China as well as the worsening debt situation in Europe. Through the IPO, PCRT expects to raise $776.2 million and they have forecast a 5.3% and 5.51% distribution yield for 2011 and 2012 respectively. PCRT will start trading on SGX on 9 June. Current assets in Shenyang, Foshan and Chengdu contribute to its $1.1 billion initial property portfolio. PCRT has stated that growth will be next on their agenda, starting with the purchase of two commercial development projects which are connected to high speed rail stations in Chengdu...

Full article: http://www.sharesinv.com/articles/2011/05/30/singapore-da...

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Wat bloggers r talkg abt.: Daily SG: 25 May 2011

singaporedaily.net 25 May '11, 3am

Daily SG: 25 May 2011 By singaporedaily | May 25, 2011 - 11:09 am - Posted in Daily Sg Minister Salaries + Pension - Words...