SINGAPORE May 27 Singapore Press Holdings Ltd
(SPH) said on Monday it plans to list two shopping
malls valued at S$3.07 billion ($2.43 billion) via a real estate
investment trust (REIT) listing scheduled for July.
SPH plans to hold 70 percent of the units in SPH REIT, whose
assets are the Paragon shopping mall in the city-state's prime
Orchard shopping district and Clement Mall in a western suburb.
The Singapore publishing and property firm plans to
distribute 18 Singapore cents a share as a special dividend to
shareholders after the listing, it said in a statement.
Credit Suisse, DBS and Oversea-Chinese
Banking Corp are joint bookrunners for the IPO, IFR, a
Thomson Reuters publication, reported earlier.
($1 = 1.2644 Singapore dollars)
(Reporting by Rujun Shen; editing by Kevin Lim)