Westfield and Scentre Group start trading anew

Westfield and Scentre Group start trading anew
Jonathan ChancellorJune 24, 2014

Earlier today Scentre Group, Westfield‘s new Australian and New Zealand shopping mall company, started trading on the ASX, with a $3.21 million debut price Wednesday June 25.

Shares were later trading at $3.11 under the ticker SCG.

Opening at $6.70, Westfield Corporation, which will be the international iconic malls company of the Lowy family, was later trading at around $6.78 under the ticker WFD.

The two new groups are trading on a deferred settlement basis set to commence normal trading on Thursday week.

Scentre Group closed at $3.08 on Wednesday. Westfield Corporation closed trading at $7.05.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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