SINGAPORE, Oct 10 (Reuters) - Dynasty Real Estate InvestmentTrust, which owns Chinese assets, on Wednesday filed theprospectus for what will be Singapore's first yuan-denominatedinitial public offering.
Dynasty, which is managed by a unit of property fund managerARA Asset Management , is offering 893.9 million and901.3 million units to investors at 4.40 to 4.70 yuan a unit.
Including units taken up by cornerstone investors andanother ARA unit, Dynasty will sell a total of 1.15 billionunits, valuing the IPO at up to 5.41 billion yuan.
DBS Group and Standard Chartered are joint financialadvisers for the deal.($1 = 6.2878 Chinese yuan)
(Reporting by Kevin Lim; Editing by Ron Popeski)
Keywords: DYNASTY IPO/