Dasin Retail Trust launches IPO in Singapore

Dasin Retail Trust, which has three shopping malls in Guangdong province, is seeking to raise RMB586.4 million (US$84.3 million) through an IPO on the Singapore Exchange mainboard.

The trust has lodged a preliminary prospectus without indicating pricing or unit numbers. Its sponsor is Zhongshan Dasin Real Estate, which develops property in Zhongshan city in Guangdong.

The trust’s initial portfolio contains Dasin E-Colour shopping mall, Ocean Metro Mall and Xiaolan Metro Mall, all in Zhongshan.

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