Exclusive-China tech giant JD.Com unit, two other firms plan $1 billion Singapore REIT, sources say

Exclusive-China tech giant JD.Com unit, two other firms plan $1 billion Singapore REIT, sources say

By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG (Reuters) – The property investment arm of Chinese e-commerce giant JD.Com and two other firms plan to launch a Singapore-based real estate investment trust (REIT) with assets potentially valued at more than $1 billion, said two sources with knowledge of the matter. JD Property, the unlisted infrastructure…

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Can Singapore’s bourse regain its allure, as more companies flock to Hong Kong for IPOs?

Can Singapore’s bourse regain its allure, as more companies flock to Hong Kong for IPOs?

Hong Kong’s vast lead over Singapore as a listing venue appears unassailable, with even the Southeast Asian city’s home-grown companies heading north to raise funds, but the city state remains determined to improve its allure, according to bankers and analysts. IFBH, a Singapore-incorporated Thai firm that is the world’s second-largest bottler of coconut water, started…

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