OUE

OUE - As a general rule of thumb, OUE should benefit from the spin off of its assets into a REIT, as it enables the group to unlock and recycle its assets, thus generating free cash flow. In OUE's case, the group The group has mentioned that it would initially dispose of its flagship properties - Mandarin Orchard Singapore hotel and Mandarin Gallery mall . The total asset value amounts to $1.7b, and upon a successful listing, OUE plans to pay down existing debt of $750m and distribute up to 50% of the net-cash proceeds, or up to $0.33 per share, as a special dividend.