EC World REIT IPO Product Highlight Sheets and Time Table

EC World set to price Singapore REIT IPO near top of range – IFR

EC World Real Estate Investment Trust (REIT) is set to price its initial public offering in Singapore near the top end of its indicative range to raise about S$346 million ($255 million), IFR reported, citing a person close to the transaction

The REIT, backed by a portfolio of properties in Hangzhou, China, will be selling 427.6 million units in the IPO, Thomson Reuters publication IFR reported on Wednesday.

The units are to be priced at S$0.81 apiece, compared with their indicative range of S$0.76-S$0.82, IFR said. Units of the REIT, sponsored by Shanghai-based Forchn Holdings Group, will be listed on July 28, IFR added.

An external spokesman for EC World declined to comment.

($1 = 1.3547 Singapore dollars) (Reporting by S. Anuradha of IFR; Additional reporting and writing by Aradhana Aravindan; Editing by Kenneth Maxwell)

EC World Product Highlights Sheet

EC World REIT IPO Offering Price July 21-2016 EC World REIT IPO Offering Price DPU July 21-2016EC World REIT IPO Offering Price Sponsor July 21-2016 EC World REIT IPO Offering Price Time Table July 21-2016

Compare EC World REIT with other Singapore REITs here.

EC World Real Estate Investment Trust IPO Prospectus Fundamental Analysis

EC World REIT Logo

Forchn Group Sponsor Logo

See EC World REIT IPO Prospectus here.

  • Type = Industrial (China)
  • Sponsor = Forchn Holdings Group (41% to 45% shares)
  • Total Unit Offered =  Between 172,368,700 and 191,046,300 Units
  • IPO Offer Price = Between S$0.76 to S$0.82
  • NAV = $0.88
  • Price / NAV = between 0.8636  to 0.9318
  • Distribution Yield = 7.0% (2016), 7.2% (2017) at Maximum Offer Price
  • WALE = 4.6 Years
  • Occupancy Rate = 92.3%
  • Gearing Ratio = $391.195 Million / $1,303.443 Million = 30.0%
  • Plan Listing: July, 2016

Compare to other Singapore REITs here.

EC World REIT Portfolio July7-2016EC World REIT Rental Yield July7-2016EC World REIT yield with wo master lease July7-2016EC World REIT Summary Fine PrintEC World REIT Rental Contribution July7-2016EC World REIT Rental Occupancy July7-2016EC World REIT Sector Diversification July7-2016EC World REIT Top 10 Tenant1 July7-2016EC World REIT Top 10 Tenant2 July7-2016

EC World REIT WALE July7-2016

EC World REIT Structure July7-2016

CNY SGD July8-2016