IPO

SINGAPORE (July 7): Lubricant manufacturer and trader United Global announced that its initial public offering of 42.8 million new shares has been successfully placed out.

SINGAPORE (June 30): Katrina Group, the F&B group famous for its RENNthai and So Pho restaurants, has lodged its preliminary offer document in connection with its proposed initial public offering and listing on the Catalist board of the Singapore Exchange

SINGAPORE (June 22): Deutsche Bank is initiating coverage on newly-listed Manulife US REIT at “buy” with a target price of 90 US cents on stable income streams and embedded growth.

SINGAPORE (June 21): CIMB is keeping Singapore Telecommunications (SingTel) at “add” with an unchanged target price of $4.50, despite only expecting the telco to see growth in FY18-19.

SINGAPORE (June 17): Frasers Logistics & Industrial Asset Management says it has successfully completed the initial public offering of 521.7 million units of Frasers Logistics & Industrial Trust (FLT), with strong support from both institutional and retai

SINGAPORE (June 15): Lim & Tan Securities is making a “subscribe” call for Frasers Logistics & Industrial Trust (FLT) at an IPO price of 89 cents each. This comes ahead of FLT’s public offer tranche closure on Thursday at noon.

(May 27): CRRC Corp., China’s only maker of high-speed locomotives, plans to raise as much as 12 billion yuan ($2.5 billion) in a private share sale in Shanghai to repay debt and to help finance its daily operations.

SINGAPORE (May 26): Singapore Exchange Ltd (SGX) is seeking to capture a larger slice of secondary trading of foreign-currency bonds from Asian issuers to augment revenue as it endures a multi-year slump in initial public offerings.

SINGAPORE (May 20): Manulife US REIT, the first pure-play US office REIT to be listed in Asia, is trading 79 US cents at 3pm.