—has deferred plans to list its commercial properties in the U.K. on the Singapore Exchange amid heightened market volatility and macroeconomic headwinds.
“The unprecedented interest rate hikes in 2022 have severely impacted the initial public offering of REITs in Singapore, with several planned IPOs and secondary fund-raising exercises of REITs withdrawn,” CDL said in a regulatorylate Wednesday. “Amid this challenging market, the group is placing a temporary pause on its IPO aspirations for its U.K. commercial properties until the market stabilizes.
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