CapitaLand aims to revive property trust IPO

CapitaLand is attempting to revive the botched IPO of its retail property trust, SingMall Property Trust (SPT).
June 12, 2002
Southeast Asia's largest listed property group, CapitaLand is attempting to revive the botched initial public offering IPO of its retail property trust, SingMall Property Trust SPT. CapitaLand has changed the name of SPT to CapitaMall Trust and appointed DBS Bank as the lead manager for its proposed IPO. The IPO is subject to regulatory approvals and favourable market conditions and is expected, according to some observers, to be launched in the second half of the year.

SPT is a retail-property trust formed along the lines of real estate investment trusts REITS in the United States and listed property trusts LPT in Australia. SPT had tried to become...

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