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PR Newswire
04-11-2013, 09:11 PM
Let's keep a record on its first day trading.
Viva ends flat amid rate concerns
SINGAPORE - Viva Industrial Trust, a Singapore business and property trust, ended its first day of trading unchanged after opening lower amid concerns that interest rates will rise and make it difficult for real estate investment trusts to raise funds, Bloomberg reported.
The shares opened at 76.5 Singapore cents at 2 pm local time on Monday, 1.9 per cent lower than the initial stock offering price of 78 cents apiece. Viva Industrial had raised S$365 million through a share sale to Chinese property tycoon Tong Jinquan and the public.
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http://www.todayonline.com/business/viva...e-concerns
Viva ends flat amid rate concerns
SINGAPORE - Viva Industrial Trust, a Singapore business and property trust, ended its first day of trading unchanged after opening lower amid concerns that interest rates will rise and make it difficult for real estate investment trusts to raise funds, Bloomberg reported.
The shares opened at 76.5 Singapore cents at 2 pm local time on Monday, 1.9 per cent lower than the initial stock offering price of 78 cents apiece. Viva Industrial had raised S$365 million through a share sale to Chinese property tycoon Tong Jinquan and the public.
...
http://www.todayonline.com/business/viva...e-concerns
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