Elite Commercial Reit closes up 4.4% at £0.71 on trading debut
Offer price of £0.68 a unit translates to forecast distribution yield of 7.1% for 2020 and 7.2% for 2021
Singapore
UNITS of Elite Commercial Reit got off trading on the front foot on Thursday, in the Singapore bourse's first mainboard debut of the year.
The Reit's counter started trading at 2pm on Thursday at £0.705, 3.7 per cent higher than the initial public offering (IPO) price of £0.68 per unit. Prices gained steadily to eventually finish at £0.71, up 4.4 per cent on the IPO price.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Kraft Heinz misses sales estimates as higher prices deter customers
Marriott boosts full-year profit view after mixed Q1 results
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand