SINGAPORE (Mar 12): Units in United Hampshire US Real Estate Investment Trust have closed at 64 US cents – a full 20% below its initial public offering (IP) price of 80 US cents – as it made its debut on the Singapore Exchange (SGX) on Thursday.

On the same day, the benchmark Straits Times Index (STI) fell 2.71%, amid panic selling after the World Health Organization (WHO) on Wednesday night officially declared the novel coronavirus (Covid-19) outbreak a pandemic.

Trading in units of United Hampshire US REIT on the SGX Mainboard had started at 2pm on Thursday.

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