CapitaMall Trust said its S$1.23 billion rights issue has been oversubscribed.
The offer closed on Thursday, and final results will be released soon.
CapitaMall Trust, a unit of CapitaLand, said last month that it would offer nine rights for every 10 existing units at 82 cents each.
It said a major portion of the proceeds would be used to repay borrowings of S$956 million due this year.
Source : Channel NewsAsia – 26 Mar 2009