CapitaCommercial Trust says S$828m rights issue oversubscribed

CapitaCommercial Trust said on Thursday its S$828-million rights issue has been oversubscribed.

The offer closed on Wednesday, and final results will be released soon.

CapitaCommercial had launched the rights issue in May, offering one rights unit for every existing unit at 59 cents each.

The proceeds from the rights issue are to be used to reduce borrowings and for general corporate and working capital purposes.

Source : Channel NewsAsia – 25 Jun 2009

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