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Singapore Exchange (SGX) is pleased to welcome the listing of Croesus Retail Trust on Mainboard under the stock code “S6NU”.
Croesus Retail Trust is the first retail business trust with an Asia Pacific mandate to list on SGX. It has an initial portfolio of four retail malls in Japan. Daiwa House, a real estate group, and Marubeni, the trading company, are strategic partners and unit-holders of the Trust.
Jeremy Yong, Group Managing Director of Croesus Merchants International (the Sponsor) and Non-Executive Director of the Croesus Retail Asset Management, said “The depth and exponential growth in recent years of Singapore’s REIT and Business Trust markets makes the SGX a logical venue of choice for CRT’s listing . We are proud that our offering has received overwhelming interest in what is teeing up to be an exciting year for REITs and Business Trust IPOs in Singapore.”
Jim Chang, Executive Director and Chief Executive Officer of Croesus Retail Asset Management added, “Croesus Retail Trust's debut on the Singapore Exchange today marks the start of our commitment to deliver long-term capital value and returns to our investors. We would like to thank the Singapore Exchange for all their assistance and advice, and we look forward to working in close co-operation with them for the many years to come.”
“We are proud to have Croesus Retail Trust joining our Mainboard, and adding to the already substantial cluster of REITs and property trusts on our exchange. The investor response achieved by Croesus Retail Trust with its portfolio of Japanese properties affirms SGX as the preferred listing venue for international issuers and investors alike,” said Magnus Bocker (麦尼思•博可先生), CEO of SGX.
The listing of Croesus Retail Trust with a market capitalisation of S$396 million brings the total number of REITs and property trusts listed on SGX to 32 with a combined market capitalisation of nearly S$70 billion.
