【Lotte Shopping REIT IPO 交流专区】

icy97

料成首只韩国产托 乐天购物上市狮城筹32亿

财经 天下  2013-06-22 10:41
（新加坡21日讯）韩国的百货集团乐天购物（Lotte Shopping）计划以房地产投资信托（REIT）的形式，在新加坡交易所寻求上市，集资8亿至10亿美元（25.7至32.1亿令吉）。

据汤森路透旗下的IFR报道，乐天购物的产托最快可能在今年内推出，起始资产预计为集团在韩国的部分资产。

不过，具体有哪些资产会注入信托，以什么货币计价仍未确实定案。

报道指，集团选择在新加坡集资，而非韩国，是因为本地的房地产投资信托市场流动性更高。星展银行、高盛、野村及渣打银行已被聘请出任售股计划的主理经理。

乐天购物旗下业务包括百货公司、霸级市场、超级市场及电影院等，也是连锁便利商店7-Eleven在韩国的经营者。除了韩国本土市场，集团在中国、俄罗斯、越南和印尼也拥有零售业务。

如果乐天在新加坡集资，将是第一只在新交所挂牌的韩国产托。[南洋网财经]

icy97

傳樂天百貨上市新加坡

財經環球23 Jul 2013 22:08
外電引述消息報導，韓國最大連鎖百貨集團樂天（Lotte）正考慮以商業或房地產信託（REITs）形式分拆旗下零售商場資產，于今年第4季或明年初于新加坡上市。

“彭博社”引述兩名知情者報導，樂天計劃透過這項首發股籌資至少10億美元（約32億令吉）。

樂天發言人拒絕就新加坡分拆上市計劃置評。

新加坡向來是信託形式上市的集中地，今年已有兩宗逾10億美元的大額信託上市。樂天在韓國擁有44間百貨公司，俄羅斯和印尼各1間，中國則有5間百貨公司。[中国报财经]

Lotte Shopping said to plan US$1 bil Singapore IPO of malls
http://www.theedgesingapore.com/the-daily-edge/business/44803--lotte-shopping-said-to-plan-us1-bil-singapore-ipo-of-malls.html

Tue, 23 Jul 13:31
Lotte Shopping Co., South Korea’s largest department store operator, is planning an initial public offering in Singapore of some of its shopping malls, said two people with knowledge of the matter.

The sale may raise at least US$1 billion ($1.26 billion) and could take place as early as this year, said the people, asking not to be identified as the process is private. The company is still deciding which properties it will include in the sale, which will either be in the form of a business trust or a real-estate investment trust, the people said.

At US$1 billion, the IPO would be the third-largest in Singapore this year after sales by Mapletree Greater China Commercial Trust and Asian Pay Television Trust, data compiled by Bloomberg show. REITs and business trusts were the biggest fundraisers in Singapore’s IPO market in the past year, raising US$4.6 billion out of a total US$5.3 billion, the data show.

DBS Group Holdings, Goldman Sachs Group Inc., Nomura Holdings Inc. and Standard Chartered Plc are managing the sale, the people said.

A call to Lotte Shopping today was unanswered. The company said on June 24 that it’s considering the sale and lease back of real estate assets, without offering any details on timing or value. IFR reported the Singapore IPO plan last month.

icy97

Lotte Shopping postpones $1.25 bil Singapore REIT listing
Source: Reuters   |   Publish date: Fri, 2 May 14:32  
http://www.theedgesingapore.com/the-daily-edge/business/48182-lotte-shopping-postpones-125-bil-singapore-reit-listing.html

Lotte Shopping Co said it is postponing the listing of an up to US$1 billion ($1.25 billion) real estate investment trust in Singapore, underscoring lacklustre appetite for IPOs in the city state.

The operator of South Korea’s largest department store chain said in a regulatory filing it may reconsider the option if global financial market conditions improve, but is currently looking at a sale and lease back deal through a local public real estate fund as an alternative.

Singapore’s IPO market has struggled in recent years. Most big-ticket listings in Asia opt for Hong Kong where there is more robust demand from Chinese and international investors.

IPO deals in Singapore so far this year have had a slow start, just US$773.6 million compared to US$2.46 billion for the same period last year.

A downturn in global equity markets also helped scupper at least one other Asian IPO last month - a Hong Kong listing for pork giant WH Group’s , even after it cut the offer size by two-thirds to up to US$1.9 billion. WH Group’s IPO had also suffered from rich valuations and negative publicity over executive compensation.

The marketing for the Lotte IPO had been delayed as concerns about economic growth in China and other emerging markets triggered a sell-off in riskier assets, reducing investor appetite for emerging markets.

Lotte had been pursuing the listing to improve its financial structure and utilize funds for its business operations in South Korea and abroad.