BHG Retail REIT's Beijing Wanliu Mall (Photo: BHG Retail REIT)BHG Retail REIT's Beijing Wanliu Mall (Photo: BHG Retail REIT)

Singapore’s DBS Bank announced on 8 January that it has ceased price stabilisation of recently listed BHG Retail REIT (SGX:BMGU).

BHG Retail REIT, backed by Chinese retail giant Beijing Hualian Group, was listed on the Singapore Exchange on 11 December at an IPO price of SGD0.80.

Since then DBS Bank, acting as the REIT’s stabilising manager in respect of the IPO, has purchased a total of 3,440,600 units of the REIT.

Units of BHG Retail REIT last changed hands on the Singapore Exchange at SGD0.80.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.