Far East H-Trust (IPO)

Far East H-Trust: Far East Hospitality Trust saw its public offer of 50m stapled securities approximately 14.6x subscribed by retail investors. The total demand of approximately 8.77b stapled securities under the placement tranche and the public offer represents approximately 27.6x over subscribed. The Trust secured 10 cornerstone investors, including Aberdeen Asset Mgmt Asia, AIA Grp, NTUC Income Co-operative. Trading expected to commence at 2pm on 27 Aug. Indicative grey market price for the IPO is rumored to be at ard $0.97-$0.98.