- Narrative Type
- Narrative Text
|Additional Text||2nd distribution for the period from 1 January 2020 to 30 June 2020.|
- Please refer to the attachment.
|Taxation Conditions||Qualifying investors and individuals (other than those who hold their units through a partnership) will generally receive pre-tax distributions. These distributions are exempt from tax in the hands of individuals unless such distributions are derived through a Singapore partnership or from the carrying on of a trade, business or profession in which case, such distributions are not exempt from tax and the individual must declare the gross distribution received as income in their Singapore tax returns. |
Qualifying foreign non-individual investors and qualifying non-resident funds will receive their distributions after deduction of tax at the rate of 10%.
All other investors will receive their distributions after deduction of tax at the rate of 17%.
|Additional Text||Sponsorship Statement:|
DBS Bank Ltd. is the sole financial adviser and sole issue manager for the Initial Public Offering.
|Additional Text||DBS Bank Ltd. and Citigroup Global Markets Singapore Pte. Ltd. are the joint global coordinators, bookrunners and underwriters for the Initial Public Offering.|