SINGAPORE (Mar 21): Sasseur Real Estate Development Trust, is seeking to raise $396 million in an initial public offering in Singapore.

In its prospectus filed with the Monetary Authority of Singapore, the owner of retail malls in China said it has selling a total of 495 million units at 80 cents each.

The offering includes a public tranche of 13.8 million and a placement tranche of 252.8 million shares.

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