EC World REIT manager says public offer ‘oversubscribed’

SINGAPORE (July 27): EC World Real Estate Investment Trust’s manager says on Wednesday that the REIT’s public offer of 7.5 million units was “oversubscribed” but did not reveal by how much.

The REIT, which has a portfolio of six logistics and e-commerce properties, is listing on the Mainboard of the Singapore Exchange with an initial public offer of 188 million units at 81 cents each.

The offering comprises an international placement of 180.6 million units to institutional investors, as well as a public offer of 7.5 million shares.

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