ParkwayLife Reit

ParkwayLife Reit: large volume almost entirely due to the married trade of 56m shares done at $1.56 at 9.01am. Sale likely by TPG, which has been tipped to be selling out the same number of shares. Sale price is at the lower end of initial pricing guidance of S$1.56-$1.62 each. Deal size is equivalent to 9.3% of share base. TPG had been expected to sell its stake after Khazanah took control of Parkway. Goldman Sachs is the sole bookrunner.