Religare ipo news and updates from the economic times page 7. Is there useful information in the use of proceeds. Fortis sponsored religare health trust raises rs 2,260 crore on singapore exchange following the listing, fortis will continue to hold 28 per cent stake in rht through its whollyowned overseas subsidiary, it added. Formed in 1986, capital market publishers india pvt ltd pioneered corporate databases and stock market magazine in india. If you are unable to read it from your internet browser, kindly download a copy and read it with the latest version of adobe acrobat reader. Religare health trust religare health trust trustee manager pte. How the future of fortis healthcare rests on the outcome of a high. Does it comes from the ceosenior executives mainly. Shalby hospitals files draft prospectus for ipo vccircle. Dec, 2017 reading long and tedious financial documents such as the prospectus, which is created at a companys initial public offering to detail its prospects, isnt very exciting.
Religare health trust is the first business trust with an initial portfolio comprising healthcare assets in india to be listed on the main board of the sgxst. Securities act, and may not be offered or sold in the united states absent registration or an exemption from the registration requirements of the u. Religare health trust on the other hand, religare has been flipflopping on its news. He was previously the executive director and group ceo of cordlife group limited listed on the singapore exchange limited sgx and tmc life sciences berhad listed on the bursa malaysia. This ipo and the subsequent listing of our shares is one of the greatest milestones in the long history of our company in kenya. Fees payable to rht tm out of trust property are provided in the trust deed constituting rht as amended, dated 25 september 2012, as well as disclosed in the rht ipo prospectus issued on 15 october 2012, and approved by unitholders via subscription in the units of rht at the time of the ipo. Religare health trust prices singapore ipo deal journal. Please download the free adobe acrobat reader to view these documents. Since listing, the investment mandate of rht has been to principally invest in incomeyielding real estate and real estate related assets used or to be used primarily as business space 1 in. Fortis sponsored religare health trust raises rs 2,260 crore on singapore exchange 19 oct, 2012, 10. The company was listed on the singapore exchange securities trading limited on 9 may 2005 as electrotech investments limited.
On 21 july 2009, the companys name was changed to frencken group limited to reflect the excellent reputation and recognition of the frencken brand in the global mechatronics industry. The malar clinical establishment is a multispecialty, tertiary and secondary hospital and was established in 1992. Results centre share price analysis financial calendar. Nairobi securities exchange limited formerly the nairobi stock exchange limited incorporated in kenya under the companies act, registration number cpu2014144920 the nse prospectus in respect of admission to listing of the nses up to 194,625,000 issued and fully paid up ordinary shares to. First it priced its shares at the lower end of the book building and at the same. Accordia golf trust is a business trust assets on a golf course in japan that listed in the singapore stock exchange.
Latest technologies and standards are constantly being adopted to keep the database userfriendly, comprehensive and uptodate. Prospectus for the initial public offer, june 2011 p 7 letter from the group chairman. Investment mandate is principally to invest in medical and healthcare assets and services in asia, australasia and emerging markets in the rest of the world. Religare health trust health care facilities reit19oct12 8. Prospectus the document is best viewed using the latest versions of chrome, firefox and internet explorer 11. Because this is a summary, it may not contain all of the information that may be important to you. The information behind this electronic gatepost is only being made available to residents of singapore. Or does it comes from some outside editors hired just for the sake of preparing a filing document. Rht or religare health trust calls itself the first business trust to be listed. Rht health trust rht or the trust is constituted as a business trust under. We have has never received any compensation for securities sold in any capacity. From what i see at other reits and trusts, the sponsor will always inject more and more assets into the reit trust so that they become more leveraged over time. Business press trust of india wednesday february 3, 2016. According to a prospectus last month, religare was planning to price its.
Those who need another example of why business trust is generally a bad investment just need to look at my favourite indiabulls trust they name their trust correctly full of bulls. You should read this prospectus in its entirety and in particular the risk factors set out in the section of this prospectus headed risk factors. Common units under this prospectus will be by way of an initial public offering ipo in singapore. Fortis sponsored religare health trust raises rs 2,260 crore on. Exempted agreements in the rht initial public offering ipo prospectus.
Some content, including service offerings, may not be uptodate. Singapore ipo market 2016 mid year report deloitte. The securities offered by this prospectus have not been, and will not be, registered under the united states securities act of 1933, as amended, and, subject to certain exceptions, may not be offered or sold within the united states of america. This document is complete in all details concerning the offering and is referred to. The investment trust initial public offering ipo market is picking up pace, after a slowdown last year caused by brexit vote uncertainty.
India brand equity foundation ibef healthcare research. Dr wong chiang yin was appointed to the board of rht tm as an independent director on 25 february 2019. Xiaolan metro mall ocean metro mall dasin retail trust. Jumbo also engages in retail sales of its signature dishes packaged sauces and spice mixes through its outlets, selected stores, supermarkets, travel agencies and online via the jumbo eshop, and provides catering services in singapore. Dynasty reit is offering 893,162,000 to 900,832,000 units at an offering price of between rmb 4. You should carefully read the entire prospectus, including the documents incorporated by reference in this prospectus, before you invest in the preferred securities of the trust. World economic forums initiatives for health for all. Reliance general insurance, part of anil ambanis reliance capital, is one of the leading privatesector general insurance companys in india. Oct 11, 2012 religare health trust, backed by indian hospital chain fortis healthcare ltd. Religare health trust prices singapore ipo deal journal wsj. Largest ipo of a business trust sponsored by an indian company in singapore. Ipo note reit singapore keppelkbs us reit kore sp november 6, 2017 kgi securities singapore pte. It is not meant to be all inclusive, but rather highlights some of the more significant factors and special risks relating to initial public offerings ipos and other public offerings generally.
Research before investing in ipos, funds and insurance policies. Offering comprehensive medical care in more than 40 specialties, its key specialties include cardiac sciences, neurosciences, orthopaedics, renal sciences and gynaecology. Fortis sponsored religare health trust raises rs 2,260. Has anyone been involved in preparing an ipo prospectus. This presentation does not constitute a prospectus, offering circular or. Download the prospectus here geo energy resources limited offer price.
Six new trusts have been launched since the start of this year raising a total of. The directors, whose names appear on page 73 of this prospectus, and foxtons group plc the company accept responsibility for the information contained in this prospectus. Today capitaline corporate database cover more than 35,000 listed and unlisted indian companies. Open date for public offer 2 nov 8pm ipo note reit. Prospectus filed for reliance general insurance ipo ipo central. Apr, 2007 i want to understand whose words im listening to when i read a prospectus. This draft red herring prospectus will be updated upon filing with the roc. In particular, the units of sph reit have not been and will not be registered under the u. May 20, 2017 ahmedabadbased multispecialty hospital chain shalby hospitals, which is operated by shalby ltd, on friday filed its draft red herring prospectus drhp with the securities and exchange board of india sebi for an initial public offering ipo. Religare health trust, backed by indian hospital chain operator fortis healthcare, priced a planned initial public offering in singapore lower than expected, saying it is looking to raise a total. If you are in australia, you may obtain a copy of the new zealand. Religare health trust says the public offer of 12 million units and placement tranche of 555.
If the dealer manager so designates, after we meet the minimum offering requirements, unless you are a resident of the state of ohio, your check should be made payable, or wire transfer directed, to industrial property trust inc. Monthly valuation of assets and utilisation of cash in accordance with rule 10181 of the listing manual of the singapore exchange securities trading limited sgxst. A final prospectus is the final version of a prospectus for a public offering of securities. Religare health trust the consolation for now is the initial low gearing of rht, well this may change overnight. Religare health trust, backed by indian hospital chain operator fortis healthcare, priced a planned initial public offering in singapore toward the lower end of a range estimated earlier, saying.
Since listing in jun 08, the trust has never distributed a single cent. Religare health trust religare or rht or the company registered its prospectus today. No shares will be allotted or issued on the basis of this prospectus later than. Cornerstone investors in iposan asian perspective oxford. Proposed disposal of the entire asset portfolio of rht health trust rht. Srl files draft prospectus with sebi for ipo 17 feb, 2011, 01. Those who din buy into the rights sitting on ard 90% capital loss.
This study contributes evidence on the valuation relevance of the use of proceeds disclosure in the initial public offering ipo prospectus. Religare health trust, backed by indian hospital chain fortis healthcare ltd. The key difference between religare and indiabulls is that the former ipoed with a portfolio of 11 income generating hospitals while the latter didnt have a single income generating asset. Sai global will apply to asx for listing and quotation of the shares on asx within 7 days after the date of this prospectus.
Religare health trust singapore equities research 16 october 2012 2 of 12 business overview religare health trust rht is a business trust with an investment mandate to invest in medical and healthcare assets and services in asia, australasia and global emerging markets. This prospectus was drawn up in accordance with annexes iv, v, xxii, xix and xxx of the commission regulation ec no 8092004 of april 29, 2004 as amended the prospectus regulation and has been approved by the cssf in its capacity as competent authority under the luxembourg prospectus law. The actual results of the trust s foreign operations are translated using the average rmbsgd rate for the nine months ended 30 september 2017 of 4. Health care prospectus s team has written and edited or assisted with investment introductions for health care prospectus. Religare health trust will raise singapore dollar 511 million after pricing its initial public share offer in singapore at singapore dollar 0. Religare health trust is the first business trust with an initial portfolio comprising healthcare assets in india to be listed on the main board of the. Netlink nbn trust, which owns 100% of the units in netlink trust, has a nationwide network that is the foundation of singapores next generation nationwide broadband network next gen nbn, over which ultrahighspeed internet access is delivered throughout mainland singapore and its connected islands. Unaudited results for the quarter and year ended 31 march 2019. Please click on prospectus images to download document. Burger king brand could adversely impact the trust placed in the. In the case of spinoffs or business trust listings where the parent or sponsor is a listed entity. Singapores first china retail property trust providing direct exposure to the fastgrowing pearl river delta region. The latter has never declared dividends since listing.
This prospectus has been approved by the fca in accordance with section 87a of fsma and made available to the public as required by rule 3. Consult independent counsel for any and all legal advice and questions. This risk disclosure statement contains a brief summary of certain risk factors involved in investing in new issue securities. Real and perceived health concerns arising from foodborne. Information for australian investors for personal use only. For the section an asset light strategy the religare health trust. Prospectus or the merits of the investment to which this prospectus relates is taken by asic or australian stock exchange limited asx. The paper develops a classification of use of proceeds disclosures that aims to capture information embedded in the disclosures relating to the purpose growth, production, financing and. Reliance general insurance company limited has filed its draft red herring prospectus drhp with capital market regulator sebi seeking permission for its initial public offering ipo. The offer will close on 24 oct 2012 at 12pm and start trading on 30 oct 2012 mark this date for the lks effect. Overview rht is the first business trust to be listed on the main board of the singapore exchange limited sgxst with india based healthcare assets. If your company is considering conducting a private offering or a public offering or listing with a stock exchange for a health care project, has the team, knowledge and experience to assist you with your document.
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