The US$229m question about Spring Reit's share offering

The US$229 million initial public offering of Spring Reit, a real estate investment trust that has two office buildings in Beijing's China Central Place, looks more like a private equity exit than a genuine rental growth story since the majority stakeholder, AD Capital, put more than 70 per cent of the vendor shares in the sale.

via Business feed http://www.scmp.com/business/article/1364838/us229m-question-about-spring-reits-share-offering