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Manulife plans $450 million IPO of U.S assets in Singapore: sources

Canada’s Manulife Financial Corp is seeking to list some of its U.S. property assets in Singapore in the second half of the year in an initial public offering worth $450 million, two people familiar with the deal said. The listing would use the real estate investment trust (REIT) structure, they said, declining to be identified as the deal has not been formally announced. The IPO may help lift a drought

Thursday, May 21: Today in Gold and Silver

NEW YORK (TheStreet) — After the the two hour sell-off going into the London open, the gold priced inched higher until shortly after the p.m. gold fix was in at 10 a.m. EDT in New York.  After that it chopped quietly sideways into the close. Once again the high and low ticks aren’t worth my effort to look up. … Click to view a price quote on GLD. Click to

South Africa's Tsogo Sun may list property unit separately

JOHANNESBURG (Reuters) – South African gaming and hotel group Tsogo Sun is considering listing its property portfolio worth 30 billion rand ($2.5 billion) separately as a Real Estate Investment Trust (REIT), its CEO said on Thursday. Tsogo Sun will make the decision before the end of this year and if listed, Tsogo will still retain control of the property division, said CEO Marcel von Aulock. ($1 = 11.7951 rand)