< NEWS
Singapore, 28 March 2018 – Sasseur Real Estate Investment Trust (砂之船房地产投资信托) (the “Manager”), the first outlet mall real estate trust in Asia commenced trading at 9.00 a.m. on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) under the stock code CRPU.
Sasseur REIT’s Units opened at S$0.805 per Unit, above the Offering Price of S$0.80 per Unit, and closed at S$0.805 per Unit. A total of approximately 7,856,700 Units were traded today.
Sasseur Cayman Holding Limited is the sponsor of Sasseur REIT (the “Sponsor”), and together with its subsidiaries (the “Sponsor Group”), is the leading privately-owned outlet mall operator in the Chinese outlet mall industry. L Catterton Asia Advisors (“L Catterton Asia”) and Pingan Real Estate Company Ltd. (“Ping An Real Estate”), are important strategic shareholders of the Sponsor.
Mr Anthony Ang Meng Huat (洪明發), Chief Executive Officer of the Manager, commented, “Sasseur REIT’s listing marks the beginning of a journey for us. We are encouraged by the positive response from the investment community to Sasseur REIT’s IPO as it reflects their confidence and appreciation for our investment story. With the strong support from our Sponsor Group, we are well-positioned to pursue both organic and inorganic growth opportunities as we strive to deliver long-term and sustainable returns for our Unitholders.”
Mr Xu Rongcan (徐荣灿), Founder of the Sponsor, and Chairman and Non-Executive Director of the Manager, said, “We are honoured to be involved in the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Project (Financial Services) (中新（重庆）战略性互联互通示范项目). The listing of Sasseur REIT has helped to raise our profile globally and expanded our financing options to include accessing the international capital markets via the REIT platform in Singapore. Together with the further implementation of our unique ‘Super Outlet’ business model, we are well-positioned to tap the strong growth potential in the fast-growing outlet mall industry driven by the growing consumption power of the expanding middle-class population in the PRC.”
DBS Bank Ltd. is the sole financial adviser and issue manager for the Offering. The joint global coordinators for the Offering are DBS Bank Ltd. and Bank of China Limited, Singapore Branch. The joint bookrunners and underwriters are DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd..
Singapore, 28 March 2018 – Sasseur Real Estate Investment Trust (砂之船房地产投资信托) (the “Manager”), the first outlet mall real estate trust in Asia commenced trading at 9.00 a.m. on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) under the stock code CRPU.
Sasseur REIT’s Units opened at S$0.805 per Unit, above the Offering Price of S$0.80 per Unit, and closed at S$0.805 per Unit. A total of approximately 7,856,700 Units were traded today.
Sasseur Cayman Holding Limited is the sponsor of Sasseur REIT (the “Sponsor”), and together with its subsidiaries (the “Sponsor Group”), is the leading privately-owned outlet mall operator in the Chinese outlet mall industry. L Catterton Asia Advisors (“L Catterton Asia”) and Pingan Real Estate Company Ltd. (“Ping An Real Estate”), are important strategic shareholders of the Sponsor.
Mr Anthony Ang Meng Huat (洪明發), Chief Executive Officer of the Manager, commented, “Sasseur REIT’s listing marks the beginning of a journey for us. We are encouraged by the positive response from the investment community to Sasseur REIT’s IPO as it reflects their confidence and appreciation for our investment story. With the strong support from our Sponsor Group, we are well-positioned to pursue both organic and inorganic growth opportunities as we strive to deliver long-term and sustainable returns for our Unitholders.”
Mr Xu Rongcan (徐荣灿), Founder of the Sponsor, and Chairman and Non-Executive Director of the Manager, said, “We are honoured to be involved in the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Project (Financial Services) (中新（重庆）战略性互联互通示范项目). The listing of Sasseur REIT has helped to raise our profile globally and expanded our financing options to include accessing the international capital markets via the REIT platform in Singapore. Together with the further implementation of our unique ‘Super Outlet’ business model, we are well-positioned to tap the strong growth potential in the fast-growing outlet mall industry driven by the growing consumption power of the expanding middle-class population in the PRC.”
DBS Bank Ltd. is the sole financial adviser and issue manager for the Offering. The joint global coordinators for the Offering are DBS Bank Ltd. and Bank of China Limited, Singapore Branch. The joint bookrunners and underwriters are DBS Bank Ltd., Bank of China Limited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited, Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited, Haitong International Securities (Singapore) Pte. Ltd. and Maybank Kim Eng Securities Pte. Ltd..
