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Global Logistics Properties and Maple Tree Trust IPO


Rayleigh
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Look carefully, basically dumping unwanted stuffs into market in exchange for ipo cash. Look deeper, u will realize majority of ipo cash used to pay off debts. In other words, u are paying for other ppl's debts collaterised in the form of reits.

 

Of course the other argument is that since big brother is majority holder , it will be stable. Yes and no. If another crisis happens and it is in big brother's interest to fire-sell, don't expect to be consulted or looked after.

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Look at K-Reit & Keppel Land currently. -_-

 

SGX & SIAS should really do something to protect the interests of the minority shareholders in SIngapore.

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