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You would be forgiven for being unfamiliar with BHG Retail Real Estate Investment Trust, but the Chinese department store investment vehicle holds a particular significance in Singapore. Last December, it became the first – and only – company to list on the Singapore Exchange’s main board in the whole of 2015.
It is true that the Catalist second board mustered a dozen modest raisings and that any exchange can have a bad year in uncertain markets.
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