SINGAPORE, March 20 Singapore property firm
Overseas Union Enterprise has picked Credit Suisse
, Goldman Sachs and Standard Chartered Plc
for its planned S$1 billion ($800 million) listing of a
hospitality real estate investment trust in the second half of
the year, sources said.
OUE, which is led by Indonesian tycoon Stephen Riady,
revived plans for the REIT listing soon after it lost the battle
to buy Fraser and Neave in favour of Thai billionaire
Charoen Sirivadhanabhakdi, sources with direct knowledge of the
The sources declined to be identified as OUE had yet to
publicly reveal the names of the banks involved in the listing.
OUE did not reply to emails and phone calls seeking comment.
Credit Suisse and Goldman Sachs declined comment. Standard
Chartered wasn't immediately available to comment.