CapitaLand says S$1.84b rights issue oversubscribed

Property developer CapitaLand said its S$1.84 billion rights issue has been oversubscribed. It cited indicative figures available at the close of the offer on Thursday.

CapitaLand said the final number is subject to validation of acceptances and excess applications received by the Central Depository and CapitaLand’s share registrar.

CapitaLand had offered one share for every two existing shares at S$1.30 each.

In trade on Friday, its shares closed up 8.2 per cent at S$2.12.

Source : Channel NewsAsia – 13 Mar 2009

Join The Discussion

Compare listings