In a bourse filing on June 10, Centurion said that the details of the terms of the initial public offering (IPO) is still being finalised and the listing is subject to, among other things, market conditions, commercial negotiations, the relevant regulatory, shareholders’ and other approvals being obtained, and the execution of definitive agreements by the relevant parties.
Following Centurion Corporation (SGX:OU8
) ’s announcement in January that it was exploring establishing a REIT, the company says that it has submitted its listing application to the SGX and the Monetary Authority of Singapore, which are currently under review.
On January 7, Centurion said that the REIT that it's aiming to establish, will comprise some of the group’s workers and student accommodation assets. It will be sponsored by Centurion, who will be working with DBS Bank and UBS to explore the proposed transaction.
