ML Hospitality Trusts ML Trusts has kicked off the institutional roadshow for what could become the largest initial public offering in Singapore in almost a year. The vehicle, which is structured as a stapled security comprising a real estate investment trust Reit and a dormant business trust, is seeking to raise between S$425.8 million and S$463 million $339 million to $369 million. If all goes to plan, it will start trading on May 5.
As the name implies, ML Trusts focuses on the hospitality sector and at the time of listing it will own six hotels in Singapore, Australia and Japan with a combined asset value...
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