So the balloting results for Elite Commercial Trust are out. The SGX announcement is here, and I’ve extracted the key bits below (emphasis mine).
The public offer was 8.3 times subscribed:
Based on the 5,734,300 Units available to the public for subscription, excluding applications by connected persons and persons mentioned in Rule 240 of the Listing Manual, the Singapore Public Offer was approximately 8.3 times subscribed.
While the overall offer was 3.4 times subscribed:
Based on the 114,686,200 Units available for subscription under the Offering, and excluding applications by connected persons and persons mentioned in Rule 240 of the Listing Manual, the Offering was approximately 3.4 times subscribed (based on the indications of interest, valid acceptances and valid applications for the Units).
Allocation for the public tranche is as follows: