Fortune Real Estate Investment Trust says it has received valid acceptances and excess applications for a total of 955,123,404 rights units at the close of Fortune REIT’s rights issue on Oct 7. This represents 115.8% of the total number of rights units available under the rights issue. The manager had on Aug 24 announced the fully underwritten one-for-one renounceable rights issue of 824,879,427 rights...
Rights Issue
K-REIT Asia is planning to raise S$620 million through a one-for-one rights issue. It is offering about 667 million rights units at 93 cents each, representing a 21.2 per cent discount to K-REIT Asia's closing price of S$1.18 per unit on September 30. K-REIT Asia said it intends to use about 80 per cent of the gross proceeds to repay borrowings provided by Kephinance Investment. This includes a bridging...
Mainboard-listed Fortune REIT is launching a HK$1.9 billion or about S$352.6 million rights issue to expand its operations. The REIT will issue about 825 million units in the one-for-one rights offer. The price of HK$2.29 per unit represents a 44 per cent discount to the last traded price of HK$4.10 per unit. Fortune REIT said about HK$1.6 billion of the total amount raised will be used to buy three...
CapitaLand said on Monday it would spend about S$330 million to fully subscribe to its entitlement in Australian unit, AustraLand's rights issue. AustraLand had announced a 7 for 10 rights issue at an issue price of 40 Aussie cents or about 47 Singapore cents. This is a 20 per cent discount from the firm's last trading price of 50 Aussie cents a share. CapitaLand owns about 59 per cent of AustraLand and...
CapitaCommercial Trust, says a total of 1,901.1 million rights units in valid acceptances and excess applications were received at the close of its rights issue on June 24. This represents about 135.4% of the total number of rights units available under the rights issue. On May 22, CapitaCommercial Trust announced a fully-underwritten 1-for-1 renounceable rights issue of 1,403.9 million rights units at an...
CapitaCommercial Trust (CCT) said its rights issue was 1.35 times oversubscribed. The trust had launched a 1-for-1 renounceable rights issue of 1.4 billion rights units at 59 cents each. But applications came in for over 1.9 billion rights units. CCT launched the rights issue to raise S$828.3 million, mainly to reduce its existing borrowings. The rest of the proceeds will be used for capital...
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...
Starhill Global Real Estate Investment Trust has proposed a rights issue to raise some S$337 million. It plans to use the proceeds to reduce debt and fund possible acquisitions. The Singapore-listed property trust is controlled by Malaysia's YTL Corp. Under the plan, it will offer unit-holders one new unit for every existing one held, at an issue price of 35 cents per rights unit. YTL, which owns 26.6...
CapitaCommercial Trust (CCT) is looking to raise S$828.3 million through a 1-for-1 rights issue. According to the real estate investment trust, the proceeds will be used primarily to reduce its borrowings. CCT is looking to ease its debt burden, which comes to some S$2.6 billion. And it plans to do so with a S$828.3 million rights issue. Under the rights issue, it plans to offer unit-holders one unit...
Property developer Keppel Land has become the latest company here to boost its capital through a rights issue. It is seeking to raise some S$712 million by issuing about 653 million new ordinary shares. Under the rights issue, holders will be offered nine rights shares for every 10 existing ordinary shares. Each rights share would be sold at a price of S$1.09, a 42 per cent discount over Thursday's...