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Indiabulls property trust prepares for Singapore listing
By Anette Jönsson | 14 May 2008
The trust could raise about $190 million based on an assumed offering price of S$1 per unit and become only the second Singapore property trust to offer exposure to India.
Singapore-listed property trusts have had a tough time over the past six months with significant falls in share prices so it is no surprise that new listing candidates have stayed well away from the market. But the IPO drought may soon be over as Indiabulls Properties Investment Trust (IPIT) looks s.... » To continue reading this article, please login below.
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