Prime Reit

Extracted From Dow Jones

Singapore's Prime REIT Overallotment Fully Exercised

SINGAPORE (Dow Jones)--Macquarie Securities (Singapore) Pte. Ltd., the manager for the Prime Real Estate Investment Trust initial public offering, said Monday the over-allotment option of 47.15 million units in the REIT has been fully exercised.

It also said it hasn't undertaken any stabilizing action in the stock market and won't do so in the future.

Prime REIT, which owns stakes in two Orchard Road properties, closed unchanged at S$1.05 Monday, up 7.1% from its IPO price of 98 cents a unit.

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