SYDNEY, Oct 19 (Reuters) - Australian listed property company Charter Hall Group (CHC) said on Wednesday it had canceled an A$1.12 billion ($860 million) initial public offering of its property trust because of a lack of institutional support.
"Despite receiving significant retail demand ... the institutional offer of approximately A$350 million ... did not attract the sufficient quality of support that the group deemed appropriate to create an orderly market," Charter Hall said in a statement.
Charter Hall, which had also planned to buy a direct stake in the Long WALE real estate trust, or REIT, had been scheduled to commence trading on the Australian Securities Exchange later on Wednesday. ($1 = 1.3040 Australian dollars)
News: Australia's Charter Hall cancels A$1.1 bln property trust listing
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Last
$21.09 |
Change
0.360(1.74%) |
Mkt cap ! $9.961B | |||
| Open | High | Low | Value | Volume |
| $21.00 | $21.18 | $20.97 | $17.74M | 842.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1191 | $21.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.09 | 404 | 6 |
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| Last trade - 13.02pm 07/08/2025 (20 minute delay) ? |
| CHC (ASX) Chart |