CDL reported to have filed for S$936.6 mil REIT IPO

CDL reported to have filed for S$936.6 mil REIT IPO
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SINGAPORE (June 3): City Developments Ltd has filed an application with the Singapore Exchange to launch the IPO of a REIT.

The developer is looking to raise around 500 million pounds (S$936.6 million) from this IPO, reported Bloomberg, citing unnamed sources.

The REIT will have a portfolio size of about...(click on link for full story on theedgesingapore.com)