SINGAPORE, Aug 24 (Reuters) - Australia's Cromwell Property Group (CMW) said it has applied for an initial public offering of a 1 billion euro ($1.2 billion) real estate investment trust on the Singapore Exchange.
The company added it has received the Singapore bourse's eligibility-to-list approval.
Cromwell will hold a 10 percent stake in Cromwell European Real Estate Investment Trust after the listing, it said.
The IPO will add to a strong year for listings on the Singapore bourse. In July, NetLink NBN Trust
raised $1.7 billion in the largest IPO in Singapore in four years, propelling listings in the city-state to a multi-year high. ($1 = 0.8475 euros)
News: Australia's Cromwell applies for $1.2 bln REIT IPO in Singapore
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44.3¢ |
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Mkt cap ! $1.158B | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.0¢ | $699.0K | 1.591M |
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|---|---|---|
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