OUE

OUE will begin book-building for its commercial Reit listing that may raise as much as US$355m. The Commercial Reit is targeting a market capitalisation of $700 million, OUE plans to retain a stake of abt 40%. The OUE Commercial REIT will feature office building OUE Bayfront in Singapore and the Lippo Plaza Property in Shanghai. CIMB, OCBC and SCB are the joint global co-ordinators on the IPO, as well as joint bookrunners with Citi, JP Morgan and RHB.