Posts tagged as: REITs

Espinasse on HK Electric Investments

29th January 2014

I was back in CNBC’s Hong Kong studio this morning to comment on “The Call” hosted by Bernie Lo, on Hong Kong Electric Investments’ IPO trading debut on HKEx.

Sunway achieves tightest price for M-REIT follow-on

14th February 2013

On 5 February, Sunway REIT (SREIT MK) priced a US$103 million equivalent primary placement, representing 8% of the REIT.  

SGX investors put their trust in Far East’s yield play

13th August 2012

HONG KONG (Dow Jones Banking Intelligence) – Order taking began last week for the IPO of Far East Hospitality Trust (“Far East HT”) in Singapore. Pricing is currently scheduled for August 16, with listing on August 27. The offering is large and visible and was already substantially covered at the time of launch by cornerstone investors. This could provide a well-needed boost to Singapore’s primary market, which has so far this year seen a number of deals pulled, cancelled or otherwise postponed.

Pavilion REIT to add to M-REIT offering

18th October 2011

HONG KONG (Dow Jones Investment Banker) – Pavilion REIT, a real estate investment trust which will invest in one of Kuala Lumpur’s major shopping malls, is reportedly about to launch an IPO and thus become the latest addition to Malaysia’s REIT (M-REIT) success story.

Hong Kong investors yawn at yuan REIT

27th April 2011

HONG KONG (Dow Jones Investment Banker) – The first-ever yuan-denominated IPO in Hong Kong – for Hui Xian REIT – priced Tuesday, after having received a rather subdued reception from the public. Reasons include a rather aggressive yield, the offer structure for the transaction and controlling shareholder Li Ka-shing’s reputation for leaving little on the table when pricing deals, as well as uncertainties about aftermarket trading and macro market developments.

Bloomberg TV interview

5th April 2011

“IPO: A Global Guide” was featured on Bloomberg TV today in an interview I gave to anchor Susan Li in her “First Up” show at 07:40am Hong Kong time.

This is a high-profile segment which, since it takes place early in the morning, is being played out repeatedly throughout the day’s programming.

PCCW’s business trust – Like father, like son?

30th March 2011

HONG KONG (Dow Jones Investment Banker) – Richard Li appears again to be following in his father’s footsteps. Hong Kong’s richest man, Li Ka-shing, just spun off the container port assets of Hutchison Whampoa Ltd. as a business trust on Singapore’s SGX in the world’s largest IPO so far this year. Now PCCW Ltd., in which the younger Li holds a 27.1% stake, is considering a similar listing in Hong Kong for its telecommunications arm, which accounts for about 90% of PCCW’s business.

A primer on Hui Xian REIT

30th March 2011

HONG KONG (Dow Jones Investment Banker) – Last weekend’s simulated trading exercise for yuan securities in Hong Kong, coordinated by the stock exchange, was always a clear signal that the long- awaited launch of the first real estate investment trust to be traded in China’s currency would soon follow. True to form, investor education may be about to kick off for the deal. What has emerged so far shows a few innovations in the offer structure, as well as potentially aggressive pricing.

 

 

I have set up this blog to report notable events on international IPOs.

These include particularly remarkable transactions, changes in market practice (whether pertaining to documentation, valuation or marketing techniques) and regulations, as well as appointments in the sphere of equity capital markets (ECM).

Although the blog has a bias towards the Asia-Pacific region, since this is where I am based, it is intended to be global in both its scope and outlook.

Please use the contact form above to report an IPO story or an ECM development.

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